GDS starts IE for $300m US listing, ZTO Express follows

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By John Loh, Jonathan Breen
06 Oct 2016

Chinese data firm GDS Holdings has begun pre-marketing its $300m US listing with bookbuilding expected in the next two weeks. Logistics company ZTO Express has also chosen to float in the US.

GDS filed a preliminary prospectus with the Securities and Exchange Commission on Tuesday and is looking to list its American Depository Shares. The number of ADSs to be offered has not been disclosed but a banker close to the deal said the float is likely to be worth ...

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