GLENCORE IPO
Objectives of the IPO
Increasing its market dominance in the mining sector was the main reason behind the IPO of the company. The price of 545 pence was strategically set to ensure that enough funds would be secured in order to achieve this fete. Therefore, the company managers believed that the IPO would adequately position the company for Growth. Another objective in this case also included the fact that the company’s partners would have the ability of selling their equity without any need of selling its assets to deplete the working capital. The Company also wanted to increase ...
