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)
Want to be found by top employers? Upload Your Resume
Join Gold to Unlock Company Reviews