6936.HK 002352.SHE

Leading Chinese logistics company SF Holding Co Ltd. (2582.HK, 002352.SZ) launched its Hong Kong IPO on Tuesday, saying it will issue 170 million shares, including 16.15 million for local investors in Hong Kong. It set a price range of HK$32.30 to HK$36.30.

Shares will be sold in lots of 200, translating to an admission fee of HK$7,333.22 for investors. The listing could raise up to HK$6.17 billion ($793 million). Public subscriptions will close on Nov. 22 and the stock will make its trading debut on Nov. 27.

SF Holding also announced it has signed on 10 cornerstone investors for the listing, subscribing for a total of approximately $200 million in shares. Among those, Oaktree Capital, founded by Howard Marks, a fund manager highly respected by Warren Buffett, subscribed for $25 million in shares.

Another cornerstone investor was Green Better, held by Xiaomi, which subscribed for $20 million of shares. Other well-known investors include Morgan Stanley and China Pacific Insurance.

By Lau Chi Hang

To subscribe to Bamboo Works weekly free newsletter, click  here

Recent Articles

Agora makes real time engagement technology

AI powers Agora back to revenue growth

The maker of real-time engagement technology is benefitting from new demand for products like real-time online virtual tutors and talking toys Key Takeaways: Agora reported a slight revenue increase in…