The company's prospectus to list on Shanghai's Nasdaq-style STAR Market was posted online by the Shanghai Stock Exchange on Friday, confirming details reported this week by Reuters after the application was filed on Wednesday. The Shanghai Stock Exchange filing showed Syngenta’s application to list on the STAR Market had been accepted and the company plans to issue up to 2.79 billion shares. Syngenta's IPO still requires the approval of the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission. The float is expected to be bigger than video-sharing platform Kuaishou Technology's $6.2 billion Hong Kong IPO. Proceeds will fund acquisitions, including deals already announced to buy Yangnong Agrochemical and Valagro, the filing said.

Source: The Star July 03, 2021 09:11 UTC