Glencore: Listing will make billionaires of top execs

5th May 2011

It will debut in London as a public company on May 24. By then, its initial public offering would have boosted its valuation – after a nearly $8bn capital raising – to a mid-point of $61bn, reports the Financial Times.

It says that Glencore's IPO will take it nearer to a bid for Xstrata.  

In The Independent Nikhil Kumar reports that the five Glencore chief executives are set to see their personal wealth rocket into the billions when the Swiss commodities giant lists.

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