Cargill IPO watch: Lisa Clemens, the spokeswoman of the U.S. agricultural productions and sales giant Cargill , said in a statement on Wednesday that the company will not respond to the rumors appearing in the market that the company is planning to seek an IPO (initila public offering).
Cargill is one of the major participators in global markets for agricultural products over more than a century and it is also one of the world’s largest private companies. The rumors about the Cargill IPO appear among traders and investment bankers from time to time, so the Minnesota-based company has to release statements of “no response” constantly.
The possibility that Cargill may launch IPO seems higher and higher after the commodity trading giant Glencore International completed its IPO. Cargill had denied this kind of rumors for several times in 2011. The company also spun off the majority of stake in the fertilizer manufacturer Moissac, in order to maintain the parent company’s privately-held status, meanwhile ensure the investment diversification of the Cargill family Trust Fund.