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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.
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SF Holding, la principal empresa de distribución de China, se hizo pública en Hong Kong, recaudando 749 millones de dólares.