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October 27, 2016 10:25 pm GMT
Logistics may be the name of the game when it comes to e-commerce, but the IPO market can still prove to be a fickle place for even the biggest players. Today, China’s ZTO Express, the company that provides shipping and delivery services to Alibaba among others, scored both a hit and a miss in its first day of trading as a public company. First, the company raised $1.4 billion in its… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jlDHzTBjiOg/
Chinas ZTO Express stumbles in its NYSE debut after raising $1.4B in IPO
Logistics may be the name of the game when it comes to e-commerce, but the IPO market can still prove to be a fickle place for even the biggest players. Today, China’s ZTO Express, the company that provides shipping and delivery services to Alibaba among others, scored both a hit and a miss in its first day of trading as a public company. First, the company raised $1.4 billion in its… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/jlDHzTBjiOg/
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