5 things to know about the largest IPO of the year, China’s ZTO Express

ZTO Express, a Chinese shipping and logistics company, is expected to deliver the biggest initial public offering of the year.

The company ZTO, +0.00% is selling 72.1 million American depositary shares, which represents one class A common stock, at a price range between $16.50 and $18.50. This could bring in $1.2 billion at the midpoint of its range.

The stock is expected to start trading Thursday.

The offering would make the company the second-largest Chinese IPO since Alibaba Group Holding Ltd. BABA, -0.27%raised $21.8 billion in its IPO in September 2014.

ZTO’s American depositary shares have been approved to list on the New York Stock Exchange under the symbol “ZTO.

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