Glencore looks to raise $11 billion in listing

HONG KONG/LONDON - The commodity trader Glencore International AG will seek to raise as much as $11 billion from its IPO in London and Hong Kong.

That's after the company secured commitments from key investors, including Abu Dhabi's IPIC Aabar.

The world's largest diversified commodities trader has set a price range of 480 pence (63 cents) to 580 pence a share for the London IPO, confirming an earlier Reuters report.