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.
KEBA, based in Linz (Austria) and with branches worldwide, is a leading provider in the fields of industrial automation, handover automation and energy automation. With around 2000 employees, KEBA offers innovative solutions such as control systems, drive systems, ATMs, parcel locker solutions, e-charging stations, and […]
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