HONG KONG, Sept 29 (Reuters) - Shares of Chinese delivery
firm ZTO Express (Cayman) Inc  2057.HK  are set to open at
HK$244 each in their Hong Kong debut on Tuesday, up 11.9% from
the offering price of HK$218 apiece.
    The New York-listed firm  ZTO.N  sold 45 million shares in
its secondary listing in the city, raising $1.27 billion to
build more sorting hubs, expand capacity, strengthen network
stability and competitiveness.
    The firm priced its shares at HK$218 each when the
institutional bookbuild was finalised last week.
    There have been 10 secondary listings in Hong Kong in 2020
that have raised $15.1 billion, according to Refinitiv.

 (Reporting by Scott Murdoch and Donny Kwok; Editing by
Jacqueline Wong)
 ((Scott.Murdoch@thomsonreuters.com;))