Close

ZTO Express (ZTO) Prices 72.1M ADS IPO at $19.50/ADS, Above Expected Range

Go back to ZTO Express (ZTO) Prices 72.1M ADS IPO at $19.50/ADS, Above Expected Range

ZTO Express (ZTO) IPO Opens Lower

October 27, 2016 10:33 AM EDT

Today's IPO for ZTO Express (NYSE: ZTO) opened for trading at $18.40 after pricing its initial public offering of 72,100,000 American depositary shares at US$19.50.

Morgan Stanley & Co. International plc, Goldman Sachs (Asia) L.L.C., China Renaissance Securities (Hong Kong) Limited, Citigroup Global... More