ZTO nets $1.4bn with largest US float of 2016

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ZTO nets $1.4bn with largest US float of 2016

Logistics 230 - 150

Chinese logistics company ZTO Express priced its $1.4bn IPO on the New York Stock Exchange on Wednesday, marking the largest float from a Mainland firm in the US since 2014. And its successful listing is expected to boost the number of Chinese firms heading to the United States, writes Jonathan Breen.

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