Jun 21, 2024 09:45 AM

CX DAILY

CX Daily: Rough Market Doomed Syngenta Listing Plans

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In Depth: Rough market doomed Syngenta listing plans

Chinese-owned pesticides and seeds giant Syngenta Group Co. Ltd. had spent three years talking a big game about an imminent IPO. Then on March 29, news broke that it had quietly shelved plans to list. Confirmation from the group came shortly after.

The decision to pull what was slated to be a 65-billion-yuan ($8.96 billion) float was made after “careful consideration of industry environment and the company’s own development strategy,” Syngenta said in a statement that day.

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