Business

Syngenta files for US$10 billion Shanghai IPO - prospectus

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

Media tour at "Syngenta Group China" in Wei county of Handan
FILE PHOTO: Syngenta Group China sign hangs at its Modern Agriculture Platform' (MAP) service centre, during a media tour in Wei county of Handan, Hebei province, China June 11, 2021. REUTERS/Tingshu Wang

Bookmark

BEIJING: Agrichemical giant Syngenta Group plans to list on Shanghai's Nasdaq-style STAR Market with a 65 billion yuan (US$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. (US$1 = 6.4705 Chinese yuan renminbi)

(Reporting by Beijing Newsroom; Writing by Tom Daly; Editing by Nick Tattersall)

Source: Reuters