New Stock News | China's Xianzonda Group is expected to list in Hong Kong as early as September with a valuation of up to $50 billion.

According to reports citing sources, China National Chemical Corporation's agrochemical and chemical giant Syngenta is planning to list on the Hong Kong Stock Exchange in September or October, with an estimated valuation of up to 50 billion US dollars (about 390 billion Hong Kong dollars). Market rumors last month said that Syngenta planned to confidentially submit its Hong Kong listing application as early as June. Reports citing sources indicated that Syngenta has chosen CICC and Goldman Sachs as the main underwriters for the IPO, and has hired Bank of America, CITIC Securities, and UBS to participate. According to reports in February of this year, the Syngenta IPO fundraising could be as high as 10 billion US dollars (about 780 billion Hong Kong dollars), and if finalized, it has a great chance of becoming the new IPO fundraising king in Hong Kong this year, possibly the largest IPO in Hong Kong in the past 10 years. Data shows that Syngenta Group is one of the world's largest agricultural technology and innovation companies, with over 56,000 employees in more than 90 countries. Its products and solutions help large farms and smallholders address various challenges, including crop efficiency, climate change, sustainable development, and biodiversity.