SF Holding, China’s major delivery firm, went public in Hong Kong, raising $749 million.

S.F. Holding, China's leading express delivery company, went public on the Hong Kong Stock Exchange, raising about HK$5.83 billion ($749 million). The company, known for its SF Express business, similar to FedEx and DHL, issued shares at HK$34.20, in the middle of its range. About 45% of the funds will expand its international business, especially in Southeast Asia. The stock debut saw minimal price changes despite strong demand, marking a significant event in Hong Kong's capital markets.

November 27, 2024
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