The Swiss-headquartered company, which is controlled by Chinese state-owned Sinochem, is targeting an initial public offering that could raise as much as $10 billion, potentially making it one of the largest IPOs globally this year if market conditions remain favourable.
Sources said the company is aiming for a launch window in the fourth quarter, though the final timing and deal size remain flexible and will depend heavily on investor appetite and broader market stability.
Earlier reporting indicated Syngenta may float up to 20% of its equity through the offering, but insiders stressed that the structure could still change as preparations progress and regulatory reviews advance.
Syngenta declined to provide a specific timetable, saying it continues to evaluate its capital markets strategy. A spokesperson reiterated that the company intends to return to public markets when conditions best serve shareholder interests.
To manage the transaction, Syngenta has appointed a group of global and Chinese investment banks. These include China International Capital Corporation, Goldman Sachs, Bank of America, CITIC Securities, and UBS, according to people close to the discussions.
The prospective listing is expected to strengthen Hong Kong Stock Exchange’s standing as a global fundraising hub. The exchange recently reported record profits, driven by strong trading volumes and a surge in new listings.
If Syngenta successfully raises $10 billion, the deal would rank among the largest IPOs worldwide in the past five years, trailing only landmark flotations such as Rivian Automotive and LG Energy Solution.
The move comes after Syngenta abandoned an earlier attempt to list on Shanghai’s stock market two years ago, citing unfavourable sector conditions and weakness in Chinese equities at the time.
Syngenta operates in the highly competitive global market for crop protection and seeds, where it rivals major players such as Corteva, BASF, and Bayer. The sector is currently undergoing structural change, with competitors reshaping their businesses through spin-offs and listings.
