ZTO Express, the second-largest Chinese express delivery company by volume, raised $1.4 billion by offering 72.1 million shares at $19.50, above the range of $16.50 to $18.50. ZTO Express plans to list on the NYSE under the symbol ZTO. Morgan Stanley, Goldman Sachs (Asia), China Renaissance, Citi, Credit Suisse and J.P. Morgan acted as lead managers on the deal.
