May 5 Reuters China39;s largest express delivery company SF Holding Co Ltd plans to raise up to 3 billion in a second listing in Hong Kong as soon as later this year, in what would be one of the largest public offerings in the city, two sources said.

The courier group, regarded as China39;s answer to FedEx Corp and DHL DHL.UL, has picked Goldman Sachs Group Inc, Huatai Securities and JPMorgan Chase Co to work on the listing, which could raise 2 billion to 3 billion, said the sources with knowledge of the matter.

The Shenzhenlisted company, known for its flagship SF Express delivery business, has started preparations for the Hong Kong listing and aims to file the prospectus with the Hong Kong exchange by June, one of the sources said.

The sources declined to be identified as the information is private.

SF Holding, which has a market value of 267 billion yuan 38.63 billion, did not immediately respond to Reuters39; request for comment. Huatai did not respond to requests for comment.

Goldman Sachs and JPMorgan declined to comment.

Bloomberg News on Friday first reported SF Holding39;s listing plans, citing people familiar with the matter.

The offering would provide a boost for Hong Kong39;s capital markets, roiled by volatility across the global financial markets due to rising interest rates, high inflation and global political tensions.

The Asian financial hub saw a 53 drop in the value of initial public offerings in the first quarter of 2023, according to…