Swiss agricultural chemicals company Syngenta is seeking advisers for a blockbuster listing that could be Hong Kong’s largest in years.
The Chinese-owned company on Thursday asked banks to submit proposals to advise on a potential listing in Hong Kong that could raise as much as $10bn, according to one person familiar with the plans. The figure would make it one of the territory’s 10 largest-ever initial public offerings.
Syngenta in 2024 scrapped a plan to float in Shanghai amid poor economic conditions in mainland China, tighter regulatory scrutiny of IPOs and a rough outlook for the agricultural sector.
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