Glencore, Down 85 Percent Since Its IPO, Might Go Private – ValueWalk Premium
Glencore

Glencore, Down 85 Percent Since Its IPO, Might Go Private

Debt-laden commodity producer and trader Glencore Plc, down over 76 percent on a year over year basis, should go private if stock investors don’t see the value, a research note from its private banker, Citigroup, said. This tactic was enough to send the stock up 11.48 percent in London trading.


After debuting at 521 pence in 2011, Glencore never challenged its IPO price, sliding to 77 pence . . .

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