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Package for you: ZTO Express, a Chinese delivery company, files for a $1.5 billion IPO

September 30, 2016
ZTO

ZTO Express, a large Chinese logistics and delivery company, filed on Friday with the SEC to raise up to $1.5 billion in an initial public offering.

The Shanghai, China-based company was founded in 2002 and booked $1.2 billion in sales for the 12 months ended June 30, 2016. It plans to list on the NYSE under the symbol ZTO. Morgan Stanley, Goldman Sachs (Asia), China Renaissance, Citi, Credit Suisse and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.