Glencore seeks Hong Kong exchange approval for IPO

HONG KONG (Reuters) – Commodities giant Glencore met with Hong Kong stock exchange officials on Thursday to seek approval for its planned $10 billion float, sources with direct knowledge of the plans told Reuters.

Hong Kong Stock Exchanges and Clearing Ltd heard the application from the world’s largest commodities trader at a scheduled meeting of its listing committee, the sources, who declined to be named, said.

The exchange usually communicates its formal response within two or three days.

Hong Kong exchange officials could not be reached for comment, while Glencore declined to comment.

(Reporting by Denny Thomas and Elzio Barreto; Editing by Alexander Smith)

Glencore seeks Hong Kong exchange approval for IPO