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If You Think ZTO Is Big, Check Out These 4 Massive Chinese IPOs On The Horizon

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If You Think ZTO Is Big, Check Out These 4 Massive Chinese IPOs On The Horizon

ZTO Express Inc. (NYSE: ZTO) made a disappointing IPO debut on Thursday, falling 15 percent from its IPO price in its first day trading. Nevertheless, the company’s $19.50 IPO price values the Chinese delivery service provider at a staggering $14 billion.

ZTO marked the largest Chinese IPO in the U.S. market since Alibaba Group Holding Ltd (NYSE: BABA) back in 2014. But, if you think the ZTO IPO was big, keep an eye out for these four potential future Chinese IPOs.

1. Xiaomi

p>If you’re looking for a massive Chinese IPO, it doesn’t get much bigger than Xiaomi. The company is often referred to as the Chinese Apple Inc. (NASDAQ: AAPL). In 2015, Xiaomi sold 2.1 million smartphones, 38,000 TVs and 770,000 smart devices in one 12-hour stretch. Xiaomi is currently valued at around $46 billion, but the company’s CEO said that it doesn’t anticipate an IPO until around 2025.

2. Didi Chuxing

If Xiaomi is the Apple of China, Didi Chuxing is the Chinese version of Uber. In fact, Uber actually recently sold its Uber China unit to Didi for $7 billion. Didi is currently valued at around $36 billion and is anticipating a 2018 IPO.

3. Lu.com

Lu.com was founded just five years ago and is already the largest Chinese internet finance company. The company is currently valued at around $18.5 billion. Earlier this year, the CEO said the company’s anticipated 2016 IPO will be delayed until at least 2017.

4. China Internet Plus Holding

China Internet Plus is a mobile internet company that provides information and services to merchants and consumers such as customer reviews, restaurant reservations and coupons. There are no reports as of yet of the company deciding to go public, but its current valuation is estimated at around $18 billion.

Image Credit: By Roland Tanglao - https://www.flickr.com/photos/roland/14721618507, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=37034262

 

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