All the shares of Swiss commodity trader, Glencore were booked on the first day by the investors including a 10% overallotment option. Huge number of investors participated in the mega float event organized by the company.

The shares of the company will be priced between the range of 480 and 580 pence. The company has not disclosed anything about the pricing of its shares. The final offer price will be set on or around May 19. The trading of the stock will start in London on May 24 and in Hong Kong on May 25.

The estimated range of the pricing of shares will place the company at 36.5 billion pounds. The price is lesser than the expectations of analysts. The trader is looking forward to raise around $7.9 billion from new shares and $2.1 billion from existing shares. The additional money from the shares will boost its commodity prices.

The company has also published 1637 pages of information for its potential investors. The biggest beneficiary from the purchasing of the shares will be South African Chief Executive, Ivan Glasenberg. Ivan has 16% stake in the company which has a worth of nearly $10bn following the float.