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The company's projected pro forma enterprise value, net of tax savings, is expected to be $630 million once it merges with Magnum Opus Acquisition. The transaction is expected to finalize late this year in the fourth quarter or early next year in the first quarter. Source: CNBC 

Syngenta Group, the Swiss agriculture behemoth planning for a $10 billion Shanghai IPO, reported a 22% increase in first-half earnings, boosted by highers sales and contributions from its Chines operations. In the first half of the year, EBITDA increased to $2.7 billion, up from $2.2 billion a year earlier. The company said in a statement on Thursday that sales climbed by 24% to $14.4 billion. Source: Bloomberg

Sloan's special-purpose acquisition firm agreed to a $17.5 billion merger with cell-engineering firm Ginkgo Bioworks Inc. in May according to an Aug. 11 announcement, the purchase is expected to close in the third quarter, at which point Ginkgo's stocks will be listed on the New York Stock Exchange under the ticker code "DNA". Source: Bloomberg

One97 Communications Ltd., set to launch what may become India's biggest-ever initial public offering, may invest more in its lending and wealth management operations to counter the thin margins in its main business of online payments, analysts say. The debut is widely anticipated as One97 operates Paytm, India's biggest online payments platform, and is 38% owned by Chinese fintech giants Alibaba Group Holding Ltd. and its affiliate Ant Group Co. Ltd. Investors are zooming in on the company's business model as online payments are rising exponentially in India, but the business itself is hardly lucrative for operators. A growing share of online payments in the country are done via a unified payments interface operated by the National Payments Corp. of India and backed by the central bank, which helps users avoid paying merchant fees. Source: spglobal

European businesses are rushing to list in the U.S. at the fastest pace in two decades, just as a Beijing-led crackdown brings the boom in Chinese initial public offerings to an abrupt halt. Swiss sneaker brand On Holding AG, backed by tennis star Roger Federer, said Monday it will list in New York, while cryptocurrency miner Argo Blockchain Plc filed for a U.S. IPO on Friday. U.K. fintech firm Wise Plc plans to sell American depositary receipts. They’ll add to the $9.5 billion raised by European companies through New York IPOs this year through Monday, the most for this period since 2000. Source: Bloomberg