The Switzerland-headquartered company could allocate about 30 billion yuan worth of the offering to strategic investors, the people said. It planned to sell as many as 2.79 billion new shares in the IPO, equivalent to a 20% stake, according to a prospectus filed last year.
Syngenta Group is considering a plan to launch its mega initial public offering in Shanghai before the end of this year, according to people familiar with the matter, paving the way for one of the world’s biggest listings in 2022.
The seed and fertilizer giant owned by China National Chemical Corp. could seek a 65 billion yuan ($13.44 billion) listing on Shanghai’s Nasdaq-style Star Board that it has already announced, the people said, asking not to be identified as the information is private.
