On May 3rd, Eastern Time, Zeekr sent an upgraded prospectus to the U.S. Securities and Exchange Commission (SEC) and prepares to be noted on the New York Stock Exchange with the stock code ‘ZK’ on May 10th.
Zeekr wants to provide 17.5 million American Depositary Shares (ADS) at a rate in between $18 and $21 per share, raising as much as $367.5 million in funds. Each ADS is comparable to 10 common shares. Zeekr’s target evaluation is $5.13 billion, lower than formerly anticipated. It is anticipated to end up being the biggest Chinese business to go public in the United States given that October 2021.
According to Zeekr, 3 business have actually revealed interest in subscribing for approximately $349 countless American depositary shares. These consist of Geely Auto, CATL, and Mobileye.
Geely Auto Chairman Li Shufu will own almost 75% of the shares after the IPO, which is comparable to 1.82 billion shares. Zeekr CEO An Conghui holds nearly 3% of the shares.
The Zeekr electrical automobile series consists of the sedan Zeekr 007, the five-seater crossover Zeekr 001, and the compact SUV Zeekr X. Zeekr CEO An Conghui formerly informed the media that sales of Zeekr in particular areas of China have actually currently surpassed Tesla. In addition, the business is looking for to broaden its service in Europe and Asia, and has actually likewise been actively setting out strategies in Latin America.
SEE ALSO: Zeekr Restarts Its United States IPO
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