Syngenta files for $10 billion Shanghai IPO

July 2, 2021 admin Stock News 0

© Reuters. FILE PHOTO: A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann

BEIJING (Reuters) – Agrichemical giant Syngenta Group plans to list on Shanghai’s Nasdaq-style STAR Market with a 65 billion yuan ($10 billion) initial public offering (IPO), a prospectus filed with the Shanghai Stock Exchange showed.

Syngenta’s application for listing on the STAR Market has been accepted and the company plans to issue up to 2.79 billion shares, the filing said. ($1 = 6.4705 renminbi)

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