12th Oct 2021 13:14
(Alliance News) - Metals trading house Concord Resources Ltd is considering an initial public offering in London in 2022, Bloomberg reported on Sunday.
The London-based company competes in the metals markets with commodities trader Trafigura Group and with the marketing arm of miner Glencore PLC.
Private equity-backed Concord was founded in 2015 by a group of former Noble Group Ltd traders, Bloomberg noted.
In an interview, Chief Executive Officer Mark Hansen said the company has long viewed an IPO as a logical step and believes 2022 may be the right time, Bloomberg reported. However, he said no decision had been taken yet.
https://www.bloomberg.com/news/articles/2021-10-10/metals-trader-concord-eyes-possible-ipo-in-2022-on-resource-boom?srnd=deals
By Tom Waite; [email protected]
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