Chinese Courier SF Seeks Up to $793 Million in Hong Kong Listing

Nov. 19, 2024, 1:30 AM UTC

China’s biggest express-delivery firm SF Holding Co. is seeking to raise as much as HK$6.2 billion ($793 million) in its Hong Kong listing in another test of appetite for large share sales in the city this year.

The company will start taking investor orders Tuesday and expects to list shares on Nov. 27, according to its listing document on Tuesday. It is offering 170 million shares at HK$32.30 to HK$36.30 apiece.

At the low end of the marketed range, the share sale would give SF a discount of about 29% to its Shenzhen-listed stock as of Monday. The company, whose ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.