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NEW YORK, Oct 26- Chinese package delivery company ZTO Express raised $1.4 billion in the biggest U.S. initial public offering of the year on Wednesday as its backers cashed in on China's booming online-shopping industry, a source familiar with the deal said. The stock market debut, the biggest by a Chinese company since the $25 billion IPO of e-commerce giant...
Express raised $1.4 billion in the biggest U.S. initial public offering of the year on Wednesday as early backers cashed in on China's booming online-shopping industry, a source familiar with the deal said. ZTO priced 72.1 million shares at $19.50 a share, above its previously indicated range of $16.50 to $18.50 a share. The stock market debut, the biggest by a...
ZTO EXPRESS PRICES IPO AT $19.50, ABOVE INDICATED RANGE OF $16.50 TO $18.50, RAISING $1.4 BLN- SOURCE.
Despite reports that it might go public in 2017, it will actually be years before Slack files for IPO, the CEO said.
The company is seeking as much as $4 billion, Bloomberg reported citing sources.
MEXICO CITY, Oct 26- Retail brand management firm Grupo Axo, which in Mexico markets international names including Tommy Hilfiger and Emporio Armani, said on Wednesday it asked the Mexican stock exchange to list its shares through a mixed public offering. The company did not disclose the number of shares, nor the amount expected to be raised from the listing,...
LONDON, Oct 26- Medical products maker ConvaTec raised nearly 1.5 billion pounds in London's biggest initial public offering of 2016 on Wednesday, although it was priced at the bottom of the range in tough market conditions. Uncertainty over Britain's decision to leave the European Union has hit the value of companies listing in London, which fell to the lowest...
HOUSTON, Oct 25- Upstart oil company Energy Hunter Resources Inc said on Tuesday it plans to hold an initial public offering in November, only six months after founder Gary Evans left as chief executive of his previous company when it exited bankruptcy. If the IPO is successful, it will serve as a testament to the openness of capital markets in what has been a roller...
Kyushu Railway's strong balance sheet and 3 percent dividend make it a solid investment, says Jesper Koll, CEO at WisdomTree Japan KK.
Participation of retail investors in Kyushu Railway's IPO suggests reflationary signals in the economy, says Naomi Fink, CEO at Europacifica Consulting.
Japan's largest IPO this year, Kyushu Railway, turned out to be just the ticket for yield-starved investors, taking the fast track higher on Tuesday.
Kyushu Railway is valued at $4 billion and will also be the biggest IPO of a public entity since Japan Post was listed in 2015.
Kyushu Railway is not just a transportation business but a real estate play, says Peter Boardman, MD at NWQ Investment Management Company.
Things are looking up for the stock market into the year's end, after a discouraging start to 2016.
CNBC's Jim Cramer explains why he is watching Twilio.
Altice USA is drawing up plans for a potential initial public offering, according to people familiar with the matter.
Oct 20- Altice USA, the cable operator that Netherlands- based Altice NV put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, according to people familiar with the matter. Altice USA, which is now valued at between $25 billion and $30 billion, plans to invite investment banks to make...
EXCLUSIVE-ALTICE USA PREPARING TO SPEAK TO INVESTMENT BANKS ABOUT AN INITIAL PUBLIC OFFERING- SOURCES.
CNBC's Bob Pisani looks ahead at what's moving markets this morning, including ZTO Express and Acushnet Holdings.
The lack of transformative mergers and acquisitions may be due to increased caution among corporate boards, said a bank executive.