ZTO Express Inc. ZTO 0.06% 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 BABA 0.5% 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. AAPL 0.59%. 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…
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