CAPITAL MARKETS

Xstrata IPO seen oversubscribed

DEMAND ahead of Swiss-based commodities house Xstrata's STG850 million initial public offering on the London Stock Exchange indicates the issue could close heavily oversubscribed, according to news reports from London.

MiningNews.Net

Xstrata, which plans to list on the LSE Monday, last week increased the amount it hopes to raise from the offer by STG200 million to STG850 million after receiving strong demand for its paper. The company...

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