---
title: "Syngenta plans to apply for listing in Hong Kong in the next quarter, raising HKD 78 billion, expected to become the largest IPO in 7 years"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277161749.md"
description: "Syngenta, an agricultural technology company under China National Chemical Corporation, plans to submit a Hong Kong listing application to raise up to USD 10 billion (approximately HKD 78 billion) in the second quarter of this year, aiming to start the offering in the fourth quarter. If successful, it will become the largest fundraising IPO in the local market this year and may be the largest IPO since Alibaba's listing in 2019. Syngenta has selected China International Capital Corporation and Goldman Sachs as the lead underwriters and is considering a dual listing in Switzerland and Hong Kong"
datetime: "2026-02-27T08:06:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277161749.md)
  - [en](https://longbridge.com/en/news/277161749.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277161749.md)
---

# Syngenta plans to apply for listing in Hong Kong in the next quarter, raising HKD 78 billion, expected to become the largest IPO in 7 years

China National Chemical Corporation's agricultural technology company Syngenta has reportedly announced plans for an IPO. According to Reuters, citing informed sources, Syngenta plans to submit a Hong Kong listing application to raise up to $10 billion (approximately HKD 78 billion) in the second quarter of this year, with the goal of starting the offering in the fourth quarter, depending on market conditions. If successful, the company is expected to become the "capital-raising king" of local IPOs this year and may also be the largest IPO in Hong Kong since Alibaba (9988) raised HKD 101.2 billion in 2019.

The report mentioned that the company declined to comment on the timeline for submitting the prospectus or the listing date. A spokesperson stated that they will continue to assess capital market strategies based on market conditions and other relevant factors to maximize shareholder interests, emphasizing that they will return to the capital market when the timing is right. Syngenta has selected China International Capital Corporation and Goldman Sachs as the lead underwriters, with Bank of America, CITIC Securities, and UBS also participating.

## Previously Considered Dual Listing in Switzerland and Hong Kong

Earlier, Bloomberg reported that Syngenta might consider a dual listing in Switzerland and Hong Kong, which could extend the preparation time. In 2024, Syngenta was reported to have withdrawn its plan to raise RMB 65 billion for a mainland listing due to market volatility.

According to past records, Syngenta originally applied for a listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2021, with plans to participate in a listing hearing in March 2023, but was canceled by the Shanghai Stock Exchange the day before. At that time, it was reported that Chinese regulatory authorities were concerned that Syngenta's listing scale was too large and would put pressure on the liquidity of the A-share market. In May 2023, Syngenta announced that China would fully implement the stock issuance registration system, believing that the company was more suitable for listing on the main board of the Shanghai Stock Exchange under the comprehensive registration system, thus deciding to withdraw its application for the Sci-Tech Innovation Board and submit an application for the main board listing

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