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The 'Best' offering: Alibaba-backed Chinese logistics company files for a $750 million IPO

June 26, 2017

Best, an Alibaba-backed logistics company with 400 centers across China, filed on Monday with the SEC to raise up to $750 million in an initial public offering.

The Hangzhou, China-based company was founded in 2007 and has not disclosed a ticker or an exchange. Citi, Credit Suisse, Goldman Sachs, J.P. Morgan and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.