Source: Financial Times, 14th April 2011

Hark the hyperbole as the Glencore parade comes to town. The planned initial public offering of the world's biggest commodities trader, unveiled on Thursday, is supported by so many bankers, underwriters and bag carriers that failure is hardly an option. Simon Murray, the Hong Kong-based businessman appointed chairman at the last minute, almost missed the parade. Yet few potential investors can have much idea of what they are being asked to buy in the $9bn-$11bn listing.