Herbert Smith Freehills, CM Law Firm, and Grandall Law Firm have advised Chinese logistics provider SF Holdings on its $750 million initial public offering in Hong Kong, with Clifford Chance and King & Wood Mallesons advising the joint sponsors.
This is the second-largest IPO in Hong Kong this year, and makes SF Holdings the first courier and logistics company to achieve dual A+H listings.
Established in 1993, SF Holdings has built a comprehensive logistics network and invested heavily in logistics infrastructure. It is now the largest integrated logistics service provider in China and Asia and the fourth largest globally. The company was first listed in Shenzhen in 2017.
SF Holdings stated that leveraging the Hong Kong capital markets would help accelerate its international business development and further its globalization strategy.
HSF partners Jason Sung, Jeremy Shen, and Jin Kong jointly led a cross-office team advising the issuer, supported by partner and head of the Beijing office Stanley Xie.
The CC team was co-led by partners Xiang Tianning and Fang Liu.
The KWM team was led by partners Gong Mulong, Zhou Rui, Su Zheng, Sun Haotian, Ren Liguang, Tian Weina, and Ye Kai.
The Grandall team was led by partner Hu Jing.
The joint sponsors were Goldman Sachs, Huatai, and JPMorgan.
