Deals
Courier Giant SF Picks Banks for $3 Billion Hong Kong Listing
- SF Express chooses Goldman, Huatai and JPMorgan for share sale
- Courier giant’s second listing could happen as soon as 2023
An SF Holding Co.'s SF Express truck in Hong Kong.
Photographer: Billy H.C. Kwok/BloombergSF Holding Co., China’s largest express delivery company, has started preparations with banks for its Hong Kong second listing, which could raise $2 billion to $3 billion, according to people familiar with the matter.
The Shenzhen-listed company, also known as SF Express, is working with Goldman Sachs Group Inc., Huatai Securities Co. and JPMorgan Chase & Co. on the potential share sale, the people said. A listing in the financial hub could happen as soon as this year, the people said, asking not to be identified as the information is private.