HONG KONG -- China's largest delivery logistics company, S.F. Holding, listed on the Hong Kong Exchange on Wednesday, with its shares opening virtually flat despite being oversubscribed.
The company raised a total of 5.83 billion Hong Kong dollars ($749 million) with an offer price of HK$34.20, in the middle of its range. Only Chinese appliance maker Midea raised more in the city so far this year, pulling in nearly $4 billion when it listed in September.
