Syngenta Pulls China IPO Application After Three-Year Wait

(Bloomberg) — Syngenta Group Co. Ltd. has withdrawn its application for a stock-market listing in Shanghai, according to a notice on the stock exchange’s website.

The notice confirmed an earlier report from Bloomberg News.

The Chinese-owned seed and pesticide giant could revive the IPO at a later date if market conditions improve, people familiar with the matter told Bloomberg earlier, asking not to be identified discussing private information. The move will allow Syngenta to keep building its business and talk to investors privately, they said.