Syngenta plans to apply for listing in Hong Kong in the next quarter, raising HKD 78 billion, expected to become the largest IPO in 7 years
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Syngenta, an agricultural technology company under China National Chemical Corporation, plans to submit a Hong Kong listing application to raise up to USD 10 billion (approximately HKD 78 billion) in the second quarter of this year, aiming to start the offering in the fourth quarter. If successful, it will become the largest fundraising IPO in the local market this year and may be the largest IPO since Alibaba's listing in 2019. Syngenta has selected China International Capital Corporation and Goldman Sachs as the lead underwriters and is considering a dual listing in Switzerland and Hong Kong
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