Chinese Delivery Company ZTO Express Raises $1.4 Billion in US IPO

Chinese company ZTO Express raised $1.4 billion through its IPO on the New York Stock Exchange making it the largest IPO in 2016. The Chinese delivery service is a spin off from Ali Baba and delivers parcels to Chinese consumers using Ali Baba’s online platform.

Profits Slide at Samsung after Galaxy Note 7 Recall

Samsung reported a 30% fall in profits after it had to recall its Galaxy Note 7 which was found to burn after overheating. The scandal is expected to cost approximately £2 billion.

Misys Pulls Out of London IPO

Software company Misys cancelled it's IPO due to poor market conditions. The multi-billion pound IPO was anticipated to be the largest Tech IPO in London. Misys is one of 4 IPO's to have been cancelled over Brexit fears in 2016.