Shanghai Exchange Scraps Meeting for Syngenta’s US$9.5 Billion IPO, Disrupting Plans for World’s Biggest Offering of 2023 (SCMP)

Syngenta AG

  • The listing committee meeting, which was scheduled for Wednesday, was called off because the situation warrants a cancellation, the Shanghai exchange said in a three-line statement on its website on Tuesday night, without elaborating. Syngenta declined to comment due to regulatory “blackout” period.
  • The Swiss company, acquired by China National Chemical Corp (ChemChina) in 2017, plans to raise as much as 65 billion yuan (US$9.5 billion) from the sale of 2.78 billion new shares on the Science and Technology Innovation Board, or the Star Market, based on its preliminary prospectus lodged with the Shanghai Stock Exchange on March 22.

Source: Shanghai exchange scraps meeting for Syngenta’s US$9.5 billion IPO, disrupting plans for world’s biggest offering of 2023 (SCMP)

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