According to media reports, Syngenta Group, the agricultural chemical giant under China National Chemical Corporation (ChemChina), is planning an initial public offering (IPO) in Hong Kong this year. The offering is expected to raise up to $10 billion (approximately HKD 78 billion), potentially making it one of the largest global IPOs of the year. Sources indicate the company may issue up to 20% of its shares, although the final size of the public offering and the specific timing have not been finalized and could be adjusted based on market conditions. Syngenta Group is one of the world's largest agricultural technology and innovation companies, employing over 56,000 people in more than 90 countries. Its products and solutions help farms of all sizes tackle challenges such as improving crop efficiency, adapting to climate change, promoting more sustainable practices, and enhancing biodiversity. Financially, the group's EBITDA for the third quarter of last year was $900 million, an increase of 28%; however, its operating revenue for the same period was $6.4 billion, down 6%. For the first nine months of the year, EBITDA reached $3.4 billion, rising 25%, while operating revenue was $20.9 billion, a decrease of 2%. The company has secured over 1,200 product approvals to date. The decline in operating revenue was attributed to the orderly scaling back of its grain trading business in China.
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