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Syngenta s planned IPO in China suspended for missing financial info
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Syngenta to use proceeds from $10b Shanghai IPO for acquisitions, growth
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Syngenta’s $10 billion Shanghai IPO to fund growth and acquisitions
FILE PHOTO: A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann
July 3, 2021
By Meg Shen and John Revill
HONG KONG/ZURICH (Reuters) -Syngenta Group will use the proceeds from its expected $10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday.
The company’s prospectus to list on Shanghai’s Nasdaq-style STAR Market was posted online by the Shanghai Stock Exchange on Friday, confirming details reported this week by Reuters after the application was filed on Wednesday.
By Meg Shen and John Revill
HONG KONG / ZURICH (Reuters) – The Syngenta Group expects to earn $ 10 billion in initial public offering (IPO) money to finance internal growth and capture a $ 100 billion seed market in seeds and sprays, the giant agricultural agent said. on Friday.
The Shanghai Stock Exchange’s online listing for the Shanghai Nasdaq-style STAR market was published online by the Shanghai Stock Exchange on Friday, confirming the details reported by Reuters this week after the application was filed on Wednesday.
“The Syngenta Group will expand and renovate its production facilities and establish a strategic acquisition to meet market needs,” the company said in the document.
Syngenta files for $10 billion Shanghai IPO
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