Glencore prices its IPO at £5.30/share ($8.60), according to a source familiar with the matter,...

|By:, SA News Editor

Glencore prices its IPO at £5.30/share ($8.60), according to a source familiar with the matter, valuing the company at $62B. The $11B share sale will be the largest ever in the U.K. Near the top of its post-IPO agenda may be the acquisition of the 66% share of Xstrata (XSRAY.PK) Glencore doesn't yet own.