ZTO Express to deliver on US IPO

摘要

ZTO Express may beat its US$1.3bn target from the biggest US listing from China in two years after generating a strong response early in bookbuilding. Riding on its links to booming Chinese e-commerce, ZTO's NYSE float was quickly covered on the first day of bookbuilding last Monday and multiple times covered by the end of the week. The company is considering raising the price range before pricing on Wednesday, according to a source close to the deal.