CHINA TOPIX

China’s ZTO Raises $1.4-B with a Blockbuster IPO in the U.S.

Girish Shetti   |

Oct 27, 2016 09:13 PM EDT

Chinese package delivery company ZTO Express raised whopping $1.4 billion on Wednesday through an IPO (Initial Public Offering) in New York Stock Exchange (NYSE). This is the largest IPO in U.S markets so far this year and also largest by a Chinese company since Alibaba's grand IPO debut in 2014.