Summary
S.F. Holding, China’s largest express delivery company, plans to raise up to ¥5.93 billion ($792.7 million) in a Hong Kong listing.
The funds will be used to expand international operations, including ventures in Southeast Asia, and for acquisitions.
Hong Kong’s capital markets show signs of revival, with ¥70 billion ($9.1 billion) raised in listings this year compared to ¥45 billion ($5.88 billion) in 2023.
China’s largest courier service, S.F. Holding, is set to raise up to ¥5.93 billion ($792.7 million) in its upcoming Hong Kong IPO. The Shenzhen-listed company, widely regarded as China’s answer to FedEx and DHL, will issue 170 million shares priced between ¥251.30 and ¥282.30 ($32.30–$36.30) each. The final share price will be determined on November 25, with trading scheduled to begin on November 27.