BEST Inc. IPO: What Investors Need to Know
China's BEST Inc. operates in a hot sector of the country's economy, is backed by hot e-commerce operator Alibaba (NYSE: BABA), and has a former top manager of Alphabet's Google China operations as its CEO. As such, BEST Inc.'s upcoming IPO -- in which it will sell a pack of American Depositary Shares (ADSes) to trade on the New York Stock Exchange -- has attracted a lot of attention from the investment community. Let's look behind the hype at the very confidently named BEST Inc. to see if it's worthwhile as an investment.
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BEST Inc. is selling 62.1 million ADSes in the issue. These will be listed on the New York Stock Exchange under the ticker symbol BSTI. The large underwriting syndicate for the issue is headed by Citigroup, Credit Suisse, Goldman Sachs, JPMorgan Chase unit J.P. Morgan, and Deutsche Bank.
Source: Fool.com
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