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

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.

Chinese delivery and logistics giant ZTO Express has announced terms for its IPO.

China’s ZTO Express Aims for Biggest Chinese IPO Since Alibaba

S. Rina |

Oct 16, 2016 09:24 AM EDT

Chinese delivery and logistics giant ZTO Express has announced terms for its IPO. The Shanghai-based company is looking to raise up to $1.3 billion worth of funds from the market. It is likely to be the biggest US IPO for 2016. The logistics firm plans to sell 72.1 million shares in the price bond of $16.50 and $18.50.