ZTO Express joins hot secondary offering market with $1.6bn deal

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By Jonathan Breen
16 Sep 2020

Mainland-based logistics company ZTO Express (Cayman) has hit the road with its Hong Kong secondary offering, with two other Chinese US-listed firms hot on its heels.

ZTO, which trades on the New York Stock Exchange, is expected to raise around $1.6bn from its Hong Kong listing, according to a source close to the deal. The firm is floating 45m class A ordinary shares on the HKEX.

The sole sponsor of the offer Goldman Sachs ...

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