Syngenta plans Hong Kong listing worth up to $10 billion, sources say 

Syngenta Group is targeting a Hong Kong listing that could raise as much as $10 billion, two sources with knowledge of the plans said, setting the Swiss agrichemicals and seeds group on course for one of the world’s biggest IPOs in recent years. 

Why it matters

Syngenta, owned by Chinese state-owned Sinochem, is in talks with several banks to arrange the deal, the sources said. The potential Hong Kong listing would come two years after Syngenta scrapped its application for an IPO on the Shanghai Stock Exchange, citing the industry environment and weakness in China’s equity market.