China's biggest IPO in years poses $9bn question for western banks

Syngenta's owner for the past six years, state-owned ChemChina, is on a US government watchlist of companies with close ties to China's military. © Keystone / Gaetan Bally read aloud pause X Goldman Sachs, JPMorgan and other western banks have spent months lobbying to work on one of China's biggest-ever stock market listings. Syngenta's planned $9 billion (CHF8.05 billion) Shanghai offering seems like a dream ticket for the banks: a large international company that has existing relationships with global institutions. This content was published on June 27, 2023 Kaye Wiggins, Hudson Lockett, Cheng Leng in Hong Kong and Thomas Hale…