Investor News

ZTO Announces Pricing of Initial Public Offering

SHANGHAI, Oct. 26, 2016 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company"), a leading express delivery company in China, today announced that it has priced its initial public offering of 72,100,000 American depositary shares ("ADSs") at US$19.50 per ADS for a total offering size of approximately US$1.4 billion, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. Each ADS represents one Class A ordinary share of the Company. The ADSs will begin trading on the New York Stock Exchange ("NYSE") on October 27, 2016 under the ticker symbol "ZTO."

The Company has granted the underwriters a 30-day option to purchase up to 10,815,000 additional ADSs.

Morgan Stanley & Co. International plc, Goldman Sachs (Asia) L.L.C., China Renaissance Securities (Hong Kong) Limited, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities LLC acted as joint bookrunners for the offering.

ZTO's registration statement relating to the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which it would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting:

Morgan Stanley& Co. International plc 
Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
United States
+1 917-606-8487

Goldman, Sachs & Co. 
DG3/Diversified Global Graphics Group
100 Burma Road, Jersey City, NJ 07305
United States
Attn: Nondi Blanks/Prospectus Dept
+1 212-902-1171;

China Renaissance Securities (Hong Kong) Limited
Unit 8107-08, Level 81 
International Commerce Centre 
1 Austin Road West, Kowloon, Hong Kong

c/o Broadridge Financial Solutions 
1155 Long Island Avenue, Edgewood, NY 11717
United States 

Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department
One Madison Avenue 
New York, NY 10010 
United States

J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions 
1155 Long Island Avenue, Edgewood, NY 11717 
United States

About ZTO Express (Cayman) Inc.

ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company") is a leading express delivery company in China and one of the largest express delivery companies globally, in terms of total parcel volume in 2015, according to the iResearch Report. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network in China covering over 96% of China's cities and counties as of June 30, 2016.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit

For investor and media inquiries, please contact:


Investor Relations Department
Ms. Bonnie Bao


In China
Mr. Christian Arnell
Phone: +86-10-5900-1548

Mr. Tip Fleming
Phone: +1-917-412-3333

SOURCE ZTO Express (Cayman) Inc.