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Qualcomm express to the United States listed financing $1 billion 400 million market capitalization

March 3, 2017

Tencent science and technology news through express (ZTO Express) on Wednesday in the United States, the scale of financing reached $1 billion 400 million. It has also become the largest company in the U.S. stock market this year, IPO.

 

express through the final determination of the issue price of $19.50 per share, higher than the previously announced price range of $16.50 to $18.50 per share. Calculated in accordance with the issue price, the market value of more than $12 billion through courier.

express said the company intends to spend $720 million to improve office conditions and infrastructure. Express is the largest since 2014 Alibaba listed in the United States listed the largest Chinese companies financing.

through express shares will begin trading on the New York Stock Exchange on Thursday, the ticker symbol is ZTO. Qualcomm express IPO underwriters for Morgan Stanley and Goldman sachs. (compile / Lin Jingdong)