China’s ZTO Express has raised $1.4bn in its initial public offering (IPO) in the US. It was the biggest US IPO of the year, and the biggest IPO of a Chinese company in the US since Alibaba’s $25bn splash in 2014.
ZTO’s New York stock market debut has given it a market value of more than $12bn.
The company has indicated that it plans to use $720m of its IPO proceeds to buy more trucks, land, facilities and equipment.
PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]
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