CORRECTED-Syngenta plans to file for up to $10 billion Hong Kong IPO in second quarter, sources say
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Corrects headline and paragraph 1 to show that IPO filing will be in second quarter, not the IPO launch
By John Revill, Kane Wu and Oliver Hirt
ZURICH/HONG KONG, Feb 26 (Reuters) - Syngenta Group plans to file the application for an up to $10 billion stock market listing in Hong Kong in the second quarter of this year and has hired banks to manage the initial public offering, two people with knowledge of the matter told Reuters.
Reuters reported this month that Basel-based Syngenta, which is controlled by state-owned Chinese company Sinochem, could sell up to 20% of its shares in the IPO but the size and timing of the offering was not final and could change depending on market conditions.
Syngenta declined to comment on possible timeline for the prospectus filing or when the IPO itself would take place.