Deals Rumor Mill: ZTO Express, Yahoo, Sharp Corp.

By Benjamin Horney (February 22, 2016, 4:04 PM EST) -- Chinese logistics company ZTO Express is readying an initial public offering in the U.S. that could mark the largest U.S. listing by a Chinese company since Alibaba Group Holding Ltd.'s historic, $25 billion flotation, according to a late-Friday report from The Wall Street Journal. According to the report, ZTO could be hoping to raise as much as $2 billion, with the listing likely to take place later this year or in early 2017. ZTO, headquartered in Shanghai, has already asked banks to submit, before month's end, proposals for the offering, the report noted, and a decision has not yet been made on whether the company will list on the Nasdaq or the New York Stock Exchange....

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