Glencore Stock Dips Below Sale Price of $2.5 Billion Offering
- Swiss miner and trader sold shares at 125 pence this week
- Stock fell as much as 6.8% to 123.15 pence in London trading
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It took just two days for Glencore Plc investors to get a better deal on the stock.
The Swiss commodity trader and miner, which sold $2.5 billion in shares at 125 pence on Sept. 16, dropped below the offer price on Friday. The stock slumped as much as 6.8 percent to 123.15 pence and traded at 123.5 pence at 2:07 p.m. in London.