IPO

Glencore International has closed its books a day early after its initial 530p per share offer garnered strong investor demand.

GLENCORE - HOT IPO OR CATCH A COLD?

BlackRock and Fidelity are both backing commodities giant Glencore's IPO, according to reports.

Sebastian Lyon has warned volatility will increase on his £894m Trojan fund as higher inflation and falling wages impact the markets.

US auto giant General Motors is set to raise up to $22.7bn in its IPO, which could make it the largest stock offering in US history.

Standard Chartered acheived a 98.5% take-up of its rights issue, raising £3.29bn for the Asian-focused banking group.

TIP OF THE WEEK

General Motors, the bailed out US auto giant, is set to raise between $9.5bn and $10.5bn in its public share offering.

The value of AIA has soared above the $35.5bn failed Prudential offer on its trading debut, with shares in the Asian insurer climbing as much as 17% today.

Emerging markets guru Mark Mobius says it is "critical" to monitor the supply and demand for EM stocks with the number of IPOs set to double in the coming year.