HONG KONG: Glencore International Plc has revised the price range for its planned US$11bil initial public offering (IPO) to between 520 pence and 550 pence per share, from an earlier guidance of 480 pence to 580 pence each, a source with direct knowledge of the matter told Reuters yesterday.
Underwriters usually send out a new pricing guidance to reflect the range in which the offer has attracted maximum demand.
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