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Glencore Said to Plan $9 Billion to $11 Billion Share Sale

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Glencore International AG, the world’s largest commodities trader, plans to raise as much as $11 billion from an initial public offering in London and Hong Kong, said a person with knowledge of the matter.

The company will announce a price range for the IPO on May 4, when management is scheduled to start meeting potential investors, the person said, declining to be identified as the process is confidential. The IPO may raise $9 billion to $11 billion, the person said.