Deals
Geely’s EV Maker Zeekr Seeks Up to $368 Million in US IPO
- Zeekr IPO to be biggest in US for China-based firm since 2021
- Geely Auto, Mobileye, Contemporary Amperex could buy shares
The Zeekr 007 electric vehicle at the Guangzhou Auto Show in November
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering.
The EV maker said in a filing Friday that it plans to market 17.5 million American depositary shares for $18 to $21 apiece in what will be the biggest US offering by a China-based firm since 2021. Each ADS will represent 10 of the company’s ordinary shares.