ZTO Express (Cayman) Inc logo

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

UPDATE 1-Chinese delivery firm ZTO Express up 9% in Hong Kong debut

Tue 29th September, 2020 4:06am
(Adds share price update)
    HONG KONG, Sept 29 (Reuters) - Shares of Chinese delivery
firm ZTO Express (Cayman) Inc  2057.HK  were trading nearly 9%
above their offer price as the stock debuted in Hong Kong on
    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.
    Shares of ZTO Express opened at HK$244 each, up 11.9% from
the offer price, before softening slightly during the morning
session to HK$237.60, but still up 9%.
    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 and Clarence Fernandez)
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