Exclusive-Chinese EV maker Zeekr prices US IPO at top of range to raise $441 million, source says
NEW YORK - Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering at the top of its indicated range on Thursday, raising $441 million, a person familiar with the matter said.
Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21,000,000 million American Depositary Shares at $21 per share, the source said, requesting anonymity as these discussions are confidential. The IPO values Zeekr at $5.1 billion. The company closed orders from investors a day earlier after its IPO was oversubscribed, the source said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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