Chinese delivery group ZTO Express seeks to raise up to $1.55b in HK listing

Chinese delivery group ZTO Express seeks to raise up to $1.55b in HK listing

Employees work at a sorting centre of Zhongtong (ZTO) Express ahead of the Singles Day shopping festival, Chaoyang District, Beijing, November 8, 2015. REUTERS/Jason Lee

Chinese delivery group ZTO Express aims to raise up to $1.55 billion in the Hong Kong Stock Exchange, according to the company’s filings, the latest in a series of secondary listings to be carried out in the city this year.

ZTO Express, which is already listed in New York, begins its institutional bookbuild on Wednesday and will sell 45 million shares at a maximum price of HK$268 ($34.60) per share, the filings showed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter