SHENZHEN's sf Holding's shares rose in their debut in Hong Kong after completing the second largest listing in the city this year, reports Bloomberg.
China's biggest express-delivery firm climbed as much as 1.7 per cent in early trading. The HK$5.83 billion (US$749 million) offering is Hong Kong's second largest this year after appliance maker Midea Group's HK$4.6 billion debut.
The deal came as sentiment shifted on Chinese equities following Beijing's stimulus blitz in late September. Investor mood, however, has started souring again amid disappointment over further fiscal measures and Donald Trump's US election win this month, which rekindled concerns on trade tensions.
SF's listing drew about HK$205 million from cornerstone investors, which agreed to hold shares for at least six months in exchange for guaranteed allocation. Backing for the initial public offering also came from entities tied to Hong Kong property investors.
SeaNews Turkey
China's biggest express-delivery firm climbed as much as 1.7 per cent in early trading. The HK$5.83 billion (US$749 million) offering is Hong Kong's second largest this year after appliance maker Midea Group's HK$4.6 billion debut.
The deal came as sentiment shifted on Chinese equities following Beijing's stimulus blitz in late September. Investor mood, however, has started souring again amid disappointment over further fiscal measures and Donald Trump's US election win this month, which rekindled concerns on trade tensions.
SF's listing drew about HK$205 million from cornerstone investors, which agreed to hold shares for at least six months in exchange for guaranteed allocation. Backing for the initial public offering also came from entities tied to Hong Kong property investors.
SeaNews Turkey
