Glencore raises $10bn in London's largest ever international IPO

  • Largest capital raising by an international company in London
  • Largest ever Premium Listed IPO
  • First company to enter FTSE100 at admission in 25 years

The London Stock Exchange today welcomes Glencore International plc ("Glencore") to its Main Market. The company joins the UK's Official List with a market capitalisation of $59.2bn, the largest ever IPO on the premium listing segment of the London Stock Exchange. The company raised $10bn at admission.

Glencore is the first company in 25 years to enter the FTSE 100 Index at admission, the third company in history to do so via the fast entry rule1.

Xavier Rolet, Chief Executive Officer of London Stock Exchange Group, said:

"As one of the largest IPOs in history, we are delighted Glencore has chosen the London Stock Exchange. Its London listing will give it exposure to the world's deepest pool of international capital; entry to one of the world's most tracked and traded indices, the FTSE 100; and access to a global community of financial and markets expertise.

"The size and success of Glencore's flotation shows London is very much open for business, and that its investor base has the appetite and capability to support large fundraisings. Our pipeline is strong, and we look forward to welcoming further companies to our markets in the months ahead."

Glencore is a leading commodities producer and marketer. It produces, sources, processes, refines, transports, stores, finances and supplies commodities to industries around the world. Glencore is headquartered in Baar, Switzerland and incorporated in Jersey. The company has 50 offices in over 40 countries throughout Europe, North, Central and South America, the CIS, Asia, Australia, Africa and the Middle East.  

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For further information, please contact:

Lauren Crawley-Moore                     Press Office +44 (0)20 7797 1222

                                                       newsroom@londonstockexchange.com  
 

Notes to editors:

1. Under the FTSE fast entry rule if, in the view of the FTSE Europe/Middle East/Africa Regional Committee, a new issue's full market capitalisation amounts to 1.0% or more of the full capitalisation of the FTSE All-Share, before the application of individual constituent investability weightings, then the committee will normally decide to include the new issue as a constituent of the FTSE 100 after the close of business on the first day of official trading.

For further information about the fast entry rule, contact FTSE Group on +44 (0)20 7866 1821 or media@ftse.com
 

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at http://www.londonstockexchangegroup.com/.