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ZTO Express is priced at 218 yuan at a 2.5% discount to the closing price of U.S. stocks

2020-09-22T14:56:12.664Z


Mainland logistics company Zhongtong Express (2057) announced that the price per share is set at 218 Hong Kong dollars, which is 18.7% lower than the highest price of 268 yuan, and it has raised 9.81 billion Hong Kong dollars. If calculated based on the closing price of its US stocks at 28.68 yuan (HK$223.7)


Financial News

Written by: Kwong Yueting

2020-09-22 22:42

Last update date: 2020-09-22 22:44

Mainland logistics company Zhongtong Express (2057) announced that the price per share is set at 218 Hong Kong dollars, which is 18.7% lower than the highest price of 268 yuan, and it has raised 9.81 billion Hong Kong dollars.

If calculated on the basis of its closing price of US stocks of 28.68 yuan (HK$223.7), the price of 218 yuan is 2.55% discount to the closing price of US stocks on Monday.

Zhongtong IPO on September 17-22, the company plans to issue 45 million shares, seeking to raise funds not exceeding US$1.56 billion (equivalent to HK$12.1 billion).

The highest price for the Hong Kong public offering is 268 yuan, 50 shares per lot, and an entrance fee of 13,535 yuan. It is planned to be priced on September 22 and listed for trading on September 29.

ZTO Express will be listed under the same share but different rights structure, and will be the fifth company listed on the same share but different rights after Xiaomi (1810), Meituan Dianping (3690), Alibaba (9988) and Jingdong (9618). Shares.

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Source: hk1

All news articles on 2020-09-22

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