Chinese EV maker Zeekr prices IPO at $21, at the top end of range
Publishing timestamp: 2024-05-10 06:21:24
Summary
Chinese electric vehicle maker Zeekr priced its IPO at $21 per share, at the top end of its range. The company, backed by Geely, plans to raise $441 million and begin trading on the NYSE under ticker ZK. Zeekr aims to lead in electrification and innovation, posing competition for Tesla in China and planning expansion in Europe and Latin America. The company posted $7.28 billion in revenue for 2023 and plans to use IPO proceeds for developing advanced electric vehicle technologies and marketing purposes.
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