China's ZTO Express seeks to raise up to $1.55 billion in Hong Kong listing [Reuters]
ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share. (ZTO)
Last zto express (cayman) inc. american depositary shares, each representing one class a ordinary share. earnings: 3/16 06:00 pm
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Source: Reuters
By Scott Murdoch 2 Min Read HONG KONG (Reuters) - Chinese delivery group ZTO Express ZTO.N 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. Final prices of the shares will be set next Tuesday and the stock is due to start trading in Hong Kong on Sept. 29. In case of high demand, a so-called ‘greenshoe’ option can be exercised and an extra 6.75 million shares can be sold within the next 30 days by the banks which underwrote the deal, according to a term sheet seen by Reuters. The option, if exercised, could raise an additional $233 million at the maximum share price. Hong Kong retail shareholders will be able to bid for up to 5% of the company’s
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ZTO
News
- ZTO Express to Hold Annual General Meeting on June 18, 2024PR Newswire
- ZTO Files Annual Report on Form 20-F for Fiscal Year 2023PR Newswire
- ZTO Express (Cayman) Inc. (NYSE: ZTO) had its price target lowered by analysts at HSBC Holdings plc from $32.00 to $30.00. They now have a "buy" rating on the stock.MarketBeat
- ZTO Express (Cayman) Inc. (NYSE: ZTO) had its price target lowered by analysts at JPMorgan Chase & Co. from $37.00 to $30.00. They now have an "overweight" rating on the stock.MarketBeat
- ZTO Express (Cayman) Inc. (NYSE: ZTO) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $29.00 price target on the stock, up previously from $22.00.MarketBeat
ZTO
Earnings
- 3/19/24 - Miss
ZTO
Sec Filings
- 4/19/24 - Form 6-K
- 4/19/24 - Form 20-F
- 4/5/24 - Form 6-K
- ZTO's page on the SEC website