On 27 October, 2016, ZTO Express Co., Ltd. (“ZTO"), by issuing ADSs of its Cayman affiliate, ZTO Express (Cayman) Inc., successfully listed on the New York Stock Exchange (“NYSE") with the issuing price of each ADS being US$19.50. ZTO raised approximately $1.4 billion in such initial public offering. ZTO’s IPO is expected to be this year’s biggest IPO in the US capital market, the second largest US IPO since Alibaba and the first offshore IPO in the Chinese express delivery industry.
Zhong Lun Law Firm acted as the issuer’s PRC counsel and has provided comprehensive legal services for this project. The legal team was led by Anthony Qiao, Michael Chen and Jim Li, partners of Zhong Lun Shanghai Office, and the team members include Jenny Zheng, Feifan Wang, Miranda Zhang and Irene Le. Zhong Lun Shanghai office has been serving ZTO since 2015 including ZTO’s receipt of pre-IPO equity investment from Warburg Pincus and other strategic investors.