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2057 - ZTO Express (Cayman) Inc News Story

HK$269.6 -2.4  -0.9%

Last Trade - 03/03/21

Large Cap
Market Cap £26.44bn
Enterprise Value £24.41bn
Revenue £2.64bn
Position in Universe 61st / 6141

Chinese delivery firm ZTO Express up in Hong Kong trading debut

Tue 29th September, 2020 2:20am
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)
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