Chinese delivery group ZTO Express has indicated its shares will be priced at HK$218 ($28.13) each as it raises up to $1.27 billion in its Hong Kong listing, according to two sources with direct knowledge of the matter.
The final pricing will be set later on Tuesday as the company sells 45 million shares. The indicative guidance is 1.92% below the stock’s closing price on Monday in New York of $28.68.
