Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Equity Capital Markets

<h2>Overview: BEST Inc IPO Goes Live, Proposed Range US$13-15 per ADS</h2><p>On Wednesday September 6th <a href="https://www.smartkarma.com/entities/25494" target="_blank" data-smartkarma-citation="entities:25494:1">BEST Inc (BSTI US)</a> and its many bankers announced an IPO price range of US$13-15 per ADS. The company will sell a total of 62.1 mn ADSs, including 53.6 mn new and another 8.5 mn from existing shareholders, including founder and CEO Mr. Johnny Chou (<a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba Group Holding Ltd (BABA US)</a> and its logistics affiliate CaiNiao Network do <em>not</em> plan to sell any shares). As described, the offering -- now managed by a…</p>

Overview: BEST Inc IPO Goes Live, Proposed Range US$13-15 per ADSOn Wednesday September 6th BEST Inc (BSTI US) and its many bankers announced an IPO price range of US$13-15 per ADS. The company will sell a total of 62.1 mn ADSs, including 53.6 mn new and another 8.5 mn from existing shareholders, including founder and CEO Mr. Johnny Chou (Alibaba Group Holding Ltd (BABA US) and its logistics affiliate CaiNiao Network do not plan to sell any shares). As described, the offering -- now managed by a…

Can't Get There From Here: Best Inc. Announces US$13-15/ADS IPO Range, We Say, 'How About US$11?'

<p>Alibaba-backed logistics specialist Best Inc. on Tuesday morning (August 29th) in New York filed the <em>third</em> amendment to its initial Form F-1. This latest amendment confirmed that the company intends to list its shares on the New York Stock Exchange under the ticker 'BSTI'. Furthermore, today's amendment shows the company now hopes to raise US$1.0 bn from its IPO, one-third more than the US$750 mn figure used in the initial filing (and the two subsequent amendments in July and August). The latest…</p>

Alibaba-backed logistics specialist Best Inc. on Tuesday morning (August 29th) in New York filed the third amendment to its initial Form F-1. This latest amendment confirmed that the company intends to list its shares on the New York Stock Exchange under the ticker 'BSTI'. Furthermore, today's amendment shows the company now hopes to raise US$1.0 bn from its IPO, one-third more than the US$750 mn figure used in the initial filing (and the two subsequent amendments in July and August). The latest…

Update on BABA-Backed Best Inc IPO: Company Chooses NYSE, Lifts Fundraising Target to US$1bn

China

BEST Inc. offers logistics and supply chain management solutions. The Company provides express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. BEST serves customers worldwide.

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BEST (BEST US)

Can't Get There From Here: Best Inc. Announces US$13-15/ADS IPO Range, We Say, 'How About US$11?'

Overview: BEST Inc IPO Goes Live, Proposed Range US$13-15 per ADSOn Wednesday September 6th BEST Inc (BSTI US) and its many bankers announced an...

Daniel Hellberg

Update on BABA-Backed Best Inc IPO: Company Chooses NYSE, Lifts Fundraising Target to US$1bn

Alibaba-backed logistics specialist Best Inc. on Tuesday morning (August 29th) in New York filed the third amendment to its initial Form F-1. This...

Daniel Hellberg

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