China courier group S.F. Holding’s shares open flat in Hong Kong trading debut

SYDNEY (Reuters) -Shares of Chinese courier group S.F. Holding opened flat on Wednesday in the company’s trading debut after it raised $749.3 million in a Hong Kong listing.

The company, which is also listed in Shenzhen, sold 170 million shares priced at HK$34.30 a piece.

Hong Kong’s Hang Seng Index opened up 0.2%.

The courier group, known for its flagship SF Express delivery business, is regarded as China’s answer to FedEx (NYSE:FDX) and DHL.