ZTO Express IPO in the mail

Shanghai-based delivery firm opts for an IPO in the US, taking a different route from its major competitors.

ZTO Express IPO in the mail

Chinese delivery firm ZTO Express has launched an initial public offering on Monday, targeting $1.33 billion in what could be the largest US listing from a Chinese company in two years.

Indicative terms of ZTO Express’ IPO include 72.1 million American Depositary Shares being pitched at a price range of $16.5 to $18.5 each, with a standard 15% greenshoe option. Assuming the ADRs are listed on the New York Stock Exchange on October 27,...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...