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<IPO>S.F. Holding Clears HK Listing Hearing
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This year's focus IPO, S.F. Holding, cleared the listing hearing of the Stock Exchange of Hong Kong yesterday (10th). According to earlier hearsay, S.F. Holding will start its pre-IPO roadshow as early as this week to keep abreast of institutional investors' intentions. The stock is expected to be listed on 27 November, with a fundraising amount of between $1 billion and $1.5 billion, and may become the second largest IPO this year after MIDEA GROUP (00300.HK). S.F. Holding’s PHIP showed that its net profit for the first three quarters ended September 2024 hiked 28% YoY to RMB7.7 billion, and the NPM inched up 0.5 ppts to 3.7%. S.F. Holding projected that the funds raised from the Hong Kong listing will be used to strengthen its international and cross-border logistics capabilities, enhance and optimize its logistics network and services in China, and invest in research and development of advanced technologies and digital solutions. AAStocks Financial News |
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