Chinese IPOs

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...

In 2003, ten of the largest Wall Street firms paid $1.4 billion to settle a government lawsuit. The charge? Misleading investors during the stock market bubble of the late 1990s. The Wall Street Journal reported: “[the settlement] centers on civil charges that the Wall Street firms...