Tag Archives: Courier service provider

Sequoia, Warburg-Backed ZTO Express Files For US$1.5Billion IPO

China-based logistics company ZTO Express, backed by Sequoia Capital and Warburg Pincus, has filed for a U.S. initial public offering on the New York Stock Exchange, seeking to raise between US$1.5 billion. ZTO Express would be the first Chinese courier service provider to list in the U.S. Founded in 2002, ZTO Express handled 2.95 billion parcels in 2015 which translates to 14.3%

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