Chinese logistics company ZTO Express, serving Alibaba and JD.com shipments, attracted $1,4 billion in the largest IPO in the USA this year, reports Reuters.
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 your 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.
ZTO shares start trading on Thursday, 27 October, on the New York Stock Exchange. Leading IPO Arrangers - Morgan Stanley and Goldman Sachs.
IN 2015 year ZTO Express delivered 2,9 billion items, What's on 62% more, than a year earlier. IN 1 quarter 2016 year was delivered 827,7 million shipments, what constitutes 14% all express- shipments in China, making the company the largest express delivery company in the world.
2015 year, the revenue growth was 55% to 2014 year, revenue in 2015 year $915 million. Revenue growth in 1HP 2016 of the year +70% y / y. The company is profitable this is a plus. Net profit in 2015 year 200 million, quite high net margin 21%. Strong balance – with assets in $1,5 billion short-term debt in total $45 million.
IN 2015 year, online retail sales in China reached $609 billion, which is almost twice as much as in the USA ($342 billion). Expected to 2020 year this market will reach the level $1,5 trillion against the backdrop of an actively emerging middle class in China and the growing segment of "Internet consumption".
ZTO serving more than 14% this market has every chance to continue to grow at a high rate and, what is important, with high profitability.
