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.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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