From Investing.com: 2024-05-10 02:20:51

Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. IPO at $21 per share, raising $441 million with a fully diluted valuation of $5.5 billion. The IPO was multiple times oversubscribed due to strong demand, but analysts doubt a rush of Chinese listings in NY. Zeekr aims for European expansion amidst fierce EV price war in China. Last year, Zeekr was valued at $13 billion; now, it’s at $5.1 billion. Zeekr delivered 196,633 cars, with revenue reaching $7.3 billion in 2023. 2023 saw a drop in Chinese IPOs in the U.S., but Zeekr’s listing could potentially spark interest.



Read more at Investing.com: Exclusive-China’s Zeekr prices US IPO at top of range to raise $441 million, source says By Reuters