Syngenta’s IPO Delay Darkens Outlook for Asia Pipeline This Year

(Bloomberg) — Syngenta Group’s delayed initial public offering doesn’t bode well for new listings in Asia for the remainder of the year.

The Chinese-owned seed giant on Thursday postponed its Shanghai IPO to the end of next year, citing market volatility. The announcement highlights a general malaise in first-time share sales in Asia, and follows China’s securities regulator’s decision in late August to slow the pace of IPOs, amid an economic downturn that’s been weighing on investors.