Best Logistics targets safe IPO delivery

Hangzhou-based logistics firm hopes to avoid the experience of competitor ZTO Express and steer its IPO safely to its final destination.

Chinese express delivery firm Best Logistics will look to avoid the pitfalls that befell one of its main rivals as it launches an initial public offering on Thursday, targeting as much as $931.5 million in what is set to be the third US listing of a Chinese company this year.

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