Skip to Main Content
by Derek Loosvelt | April 14, 2011


None of which are named Goldman Sachs.

That's right, the squid could not get its tentacles wrapped around this monstrous deal, leaving Citi, Morgan Stanley, and Credit Suisse to lead-manage the Switzerland-based commodities producer and marketer's initial public offering; six other banks, including Barclays, UBS, BofA, BNP Paribas, and Societe Generale, will co-manage.

In total, the banks are expected to split about $250 million in fees for advising Glencore, which does stuff like harvest wheat, produce aluminum, make coal, and book annual revenues of $145 billion (resulting in its most recent valuations placing the firm at being worth about $70 billion).

If all goes as planned, Glencore's IPO will be the biggest yet this year.

(Bloomberg: Goldman Sachs Misses Out on Glencore's $11 Billion Initial Public Offering)


Filed Under: Finance

Want to be found by top employers? Upload Your Resume

Join Gold to Unlock Company Reviews

Subscribe to the Vault

Be the first to read new articles and get updates from the Vault team.