14 April 2011
Last updated at 02:40 ET
Commodities trading giant Glencore has announced its intention to raise $9bn-$11bn (£5.5bn-£6.7bn) on the London and Hong Kong stock exchanges.
The Swiss firm, which first indicated its desire for a share flotation in 2005, said it would issue between 15% and 20% of its share capital.
It said it expected to complete the offering next month.
The group said the listings would give it the flexibility to achieve “sustainable growth”.
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Glencore IPO to raise up to $11bn