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Seed Giant Syngenta Seeking $9.3 Billion in Shanghai Listing

  • Firm to sell up to 2.78 billion shares on Shanghai main board
  • Application acceptance comes after IPO hearing was pulled
The Research and Technology Center, operated by Syngenta AG, in Enkhuizen, Netherlands.
The Research and Technology Center, operated by Syngenta AG, in Enkhuizen, Netherlands.Photographer: Yuriko Nakao/Bloomberg

Syngenta Group is seeking to raise 65 billion yuan ($9.3 billion) in its initial public offering, in what would be the world’s biggest listing this year.

The Chinese-owned seed giant will sell as many as 2.78 billion shares on the main board in Shanghai, according to a filing on the Shanghai stock exchange’s website confirming its listing application has been accepted. Syngenta said Thursday it had withdrawn its earlier Star board IPO application in favor of applying to the main board, confirming an earlier Bloomberg News report. The fundraising target is unchanged from the figure in its previous prospectus.