China EV Maker Zeekr Shares Climb 35% After Expanded US IPO
- Geely-backed firm raised $441 million in IPO priced top range
- Listing was biggest in US by China-based company since 2021
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Shares of Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., rose 35% after an expanded initial public offering that’s the biggest US listing by a China-based company since 2021.
Zeekr’s American depositary shares closed at $28.26 apiece on Friday in New York, giving the company a value of about $6.9 billion. The company on Thursday raised $441 million from the sale of 21 million ADS priced at the top of a marketed range of $18 to $21.