Chinese courier ZTO sued for “untrue statements” in $1.4 billion U.S. IPO

ZTO’s listing was the largest U.S. listing in 2016 and was the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd in 2014. Shares in Shanghai-based ZTO closed on Thursday at $15.68, about 20 percent below …
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