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Seed Giant Syngenta Moving Forward With Shanghai IPO, Sources Say

  • Firm is shifting listing to main board from Nasdaq-style venue
  • Exchange hearing for $9.3 billion IPO was abruptly canceled
Broccoli plants at Syngenta AG’s Research and Technology Center in Enkhuizen, Netherlands.

Broccoli plants at Syngenta AG’s Research and Technology Center in Enkhuizen, Netherlands.

Photographer: Yuriko Nakao/Bloomberg
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Syngenta Group is preparing to move forward with plans for its initial public offering, less than two months after the Shanghai stock exchange abruptly canceled the firm’s hearing to join the Nasdaq-like Star board.

The Chinese-owned seed giant has withdrawn its Star board IPO application and will immediately apply for a listing on the main board in Shanghai, according to a statement on Thursday, confirming an earlier Bloomberg News report.