Glencore International Considering $10 Billion IPO

Glencore International AG, the world’s largest commodity trader, is considering a $10 billion IPO.

The IPO would be done in London and potentially Hong Kong in the second quarter of 2011, Bloomberg News reported without naming its sources.

Glencore, which is based in Switzerland, would use the proceeds to pay current investors, upgrade plans and acquire assets.

The company is already in talks…