EXCLUSIVE-Chinese EV maker Zeekr prices US IPO at top of range to raise $441 million, source says
The company closed orders from investors a day earlier after its IPO was oversubscribed, the source said. Zeekr did not immediately respond to a request for comment.
- Country:
- China
Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) 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.
Zeekr did not immediately respond to a request for comment.
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