ChemChina has started gearing up for a listing of Syngenta, which it acquired for $43 billion, in what could become the chemical industry’s biggest-ever initial public offering, people with knowledge of the matter said.
Top executives have begun internal work to prepare for a listing as soon as mid-2020, the people said. Syngenta is speaking with investment banks seeking a role on the deal, the people said, asking not to be identified because the information is private.
The company will likely seek a listing in Europe, which it prefers to other venues such as Hong Kong or New York, the people said.
