Reported about 5 hours ago
SF Holding Ltd., China’s largest express delivery company, debuted on the Hong Kong stock exchange after raising HK$5.83 billion ($749 million) in an IPO, marking the second largest listing of the year in the city. Despite a slight 3.5% rise in its stock during early trading, investor sentiments fluctuated due to uncertainties regarding U.S.-China trade relations and the effectiveness of China's economic stimulus measures. Founded in 1993, SF Holding has become a key player in the logistics market, partnering with major industry players like Alibaba and JD.com.
Source: YAHOO