S.F. Holding Raises HK$5.7 Billion in Hong Kong IPO Ahead of Wednesday's Debut

MT Newswires Live11-27

S.F. Holding (HKG:6936, SHE:002352) raised HK$5.66 billion in net proceeds from its Hong Kong initial public offering after pricing the shares at the midpoint of the indicative price range.

The China-based logistics company issued 170 million shares at HK$34.30 apiece, the midpoint of the HK$32.30 to HK$36.30 price range, according to a Tuesday disclosure.

The deal's Hong Kong or public offering portion was 79.07 times oversubscribed, prompting the company to reallocate 15.3 million shares from the international offering to the public portion, raising the number of shares offered to about 31.5 million shares.

The international or placing shares was 10.10 times oversubscribed, and the firm issued about 138.6 million shares, reduced from the 153.9 million initial allocation.

S.F. Holding will start trading on the Hong Kong bourse today, Nov. 27.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486868293?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-27 09:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486868293","market":"sg","top_or_hot":-1,"title":"S.F. Holding Raises HK$5.7 Billion in Hong Kong IPO Ahead of Wednesday's Debut","media":"MT Newswires Live","content":"<html><body><p> S.F. Holding (HKG:6936, SHE:002352) raised HK$5.66 billion in net proceeds from its Hong Kong initial public offering after pricing the shares at the midpoint of the indicative price range.</p><p>The China-based logistics company issued 170 million shares at HK$34.30 apiece, the midpoint of the HK$32.30 to HK$36.30 price range, according to a Tuesday disclosure.</p><p>The deal's Hong Kong or public offering portion was 79.07 times oversubscribed, prompting the company to reallocate 15.3 million shares from the international offering to the public portion, raising the number of shares offered to about 31.5 million shares.</p><p>The international or placing shares was 10.10 times oversubscribed, and the firm issued about 138.6 million shares, reduced from the 153.9 million initial allocation.</p><p>S.F. Holding will start trading on the Hong Kong bourse today, Nov. 27.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S.F. Holding Raises HK$5.7 Billion in Hong Kong IPO Ahead of Wednesday's Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS.F. Holding Raises HK$5.7 Billion in Hong Kong IPO Ahead of Wednesday's Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-27 09:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S.F. Holding (HKG:6936, SHE:002352) raised HK$5.66 billion in net proceeds from its Hong Kong initial public offering after pricing the shares at the midpoint of the indicative price range.The China-...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0028","symbol_name":"国家队","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2486868293","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486868293","pubTimestamp":1732670513,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"S.F. Holding  raised HK$5.66 billion in net proceeds from its Hong Kong initial public offering after pricing the shares at the midpoint of the indicative price range.The China-based logistics company issued 170 million shares at HK$34.30 apiece, the midpoint of the HK$32.30 to HK$36.30 price range, according to a Tuesday disclosure.The deal's Hong Kong or public offering portion was 79.07 times oversubscribed, prompting the company to reallocate 15.3 million shares from the international offering to the public portion, raising the number of shares offered to about 31.5 million shares.The international or placing shares was 10.10 times oversubscribed, and the firm issued about 138.6 million shares, reduced from the 153.9 million initial allocation.S.F. Holding will start trading on the Hong Kong bourse today, Nov. 27.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK0028":"国家队","BK0187":"一线龙头","BK0232":"邮政","BK0196":"行业龙头","IE00BYTNYN87.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5\" (SGD) ACC","002352":"顺丰控股","06936":"顺丰控股","IE00BYQNZ168.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5CP\" (SGD) ACC","LU0405327494.USD":"ALLSPRING CHINA A FOCUS \"I\" (USD) ACC","BK0197":"中小创蓝筹","LU0405327148.USD":"ALLSPRING CHINA A FOCUS \"A\" (USD) ACC","IE00B12V2V27.USD":"柏瑞亚洲小盘股A(除日本)"},"translate_title":"S.F.控股周三首次亮相前在香港IPO筹集57亿港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"002352":0.9,"06936":0.9},"content_text":"S.F. Holding (HKG:6936, SHE:002352) raised HK$5.66 billion in net proceeds from its Hong Kong initial public offering after pricing the shares at the midpoint of the indicative price range.The China-based logistics company issued 170 million shares at HK$34.30 apiece, the midpoint of the HK$32.30 to HK$36.30 price range, according to a Tuesday disclosure.The deal's Hong Kong or public offering portion was 79.07 times oversubscribed, prompting the company to reallocate 15.3 million shares from the international offering to the public portion, raising the number of shares offered to about 31.5 million shares.The international or placing shares was 10.10 times oversubscribed, and the firm issued about 138.6 million shares, reduced from the 153.9 million initial allocation.S.F. Holding will start trading on the Hong Kong bourse today, Nov. 27.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486868293"}