Glencore International Plc, the commodities company that sold billion of stock in the world’s biggest initial share sale this year, ended its first trading day in London at the same price offered to investors.
Glencore sold 1.14 billion shares at £5.30 (.60) apiece, the company said in a statement. Investors include BlackRock, JPMorgan Chase and the sovereign wealth fund of
The share price was set at the middle of the price range announced this month, valuing the company at .2 billion. The shares hit a high of £5.53 in
Glencore’s shares were also sold on the stock exchange in
“We welcome and look forward to building long-term mutually beneficial relationships with our new shareholders, as we have with our customers, suppliers and capital partners over the years,” Mr. Glasenberg said.