ZTO Express banks on scarcity value

摘要

China's zto express has confidentially filed for an IPO in the US, hoping to stand out from its rivals as the only big Chinese express delivery company to be listed overseas. ZTO plans to raise US$1bn-$2bn and is expected to market the listing as early as September or October, according to people close to the deal. It will be the largest Chinese IPO in the US since the US$25bn listing of e-commerce giant Alibaba in September 2014.