ZTO

Chinese logistics company ZTO Express, serving Alibaba and JD.com shipments, attracted $1,4 billion in the largest IPO in the USA this year, Reuters reported. The company has set its share price at $19,50 - higher than the previously announced range $16,50-18,50 per share. In this way, the cost of ZTO Express is estimated at more than $12 billion. Shanghai company said, what I intend to use about $720 million, to improve its material base and infrastructure.ZTO is the largest Chinese company, which has held an IPO in the United States since entering the Alibaba market in 2014 G.