China Returns to U.S. IPO Market in Big Way With ZTO Express

Updated on
  • Delivery company’s $1.4 billion sale biggest in U.S. this year
  • More than 800 are on waiting list to go public in China

ZTO Express Shares Fall After Largest U.S. IPO of 2016

ZTO Express Inc., the Chinese delivery service that gets about three-quarters of its business from Alibaba Group Holding Ltd., is following its top customer to the U.S. stock market with this year’s biggest initial public offering.

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