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Market Chatter: Sinochem-Owned Syngenta Eyes $5 Billion Raise in Hong Kong IPO

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Syngenta is looking to raise up to $5 billion through an initial public offering in Hong Kong, according to a Tuesday Bloomberg report.

The report, citing sources, said the Sinochem-owned pesticides maker (SHA:600500) has now confidentially filed its IPO application after Middle East tensions delayed the submission, and is targeting a public listing on the HKEX next year.

The move comes years after Syngenta backed away from its 2021 Shanghai IPO application because of volatile economic conditions, Bloomberg reported.

The report said the IPO size and listing date are still being finalized.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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