China’s Zeekr prices US IPO at top of range to raise $441 million

By Jerry  Published On May 10, 2024
NEW YORK, May 9 (Reuters) – Chinese electric vehicle maker Zeekr Intelligent Technology (ZK.N), opens new tab priced its U.S. initial public offering (IPO) at the top of its indicated range, raising $441 million, it said on Friday.
Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American Depositary Shares (ADSs) at $21 per share. It had earlier planned to sell 17.5 million ADSs.
The IPO gives Zeekr a fully diluted valuation, which includes securities such as options and restricted stock units, of $5.5 billion. On a non-diluted basis, the IPO values the company at about $5.1 billion.
Source: REUTER

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