Skadden, Arps, Slate, Meagher & Flom and Freshfields Bruckhaus Deringer are advising on Chinese delivery company ZTO Express Inc.’s upcoming secondary listing in Hong Kong, which aims to raise up to $1.6 billion.
Shanghai-based ZTO is already listed on the New York Stock Exchange and will list on the Hong Kong Stock Exchange on Sept. 29. The deal is the largest among a series of planned secondary listings from U.S.-listed Chinese companies in the coming weeks. At least two more issuers, biopharmaceutical company Zai Lab Ltd. and hotel operator Huazhu Group Ltd., are expected to debut in Hong Kong in September.
