Logistic giant SF Holding said to raise up to $3 bn in second listing in HK as early as next month 
Logistic giant SF Holding said to raise up to $3 bn in second listing in HK as early as next month 

Logistic giant SF Holding said to raise up to $3 bn in second listing in HK as early as next month 

China’s express delivery giant SF Holding plans to raise up to $3 billion in a second listing in Hong Kong as soon as next month, IFR reported.

Earlier in May, there were reports that the company had picked Goldman Sachs Group, Huatai Securities, and JP Morgan Chase & Co to work on the possible IPO, which could raise at least $2 billion.

Founded in 1993, SF Express covers almost all of China, while its international express business covers 98 countries, according to its latest annual report. 

SF’s 2022 net income rose 45% from a year earlier to 6.17 billion yuan, while its revenue climbed 29% to around 267.5 billion yuan. The company went public in Shenzhen through a backdoor listing in 2017.