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Syngenta Wins Shanghai Exchange Approval for $9.1 Billion IPO

  • Seed giant received approval following a hearing Friday
  • China-owned firm switched application to Shanghai main board

The Fields of Innovation crop site, operated by Syngenta AG, in Grootebroek, Netherlands.

Photographer: Yuriko Nakao/Bloomberg
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Syngenta Group has won the Shanghai stock exchange’s approval for its 65 billion yuan ($9.1 billion) initial public offering, moving the world’s biggest potential listing this year a step closer to completion.

The Chinese-owned seed giant received the green light following a hearing Friday, according to a statement from the exchange.