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ZEEKR Intelligent Technology Holding Limited, known for its dynamic advancements in the battery electric vehicle (BEV) industry, has officially announced the pricing of its eagerly awaited initial public offering (IPO). As of May 10, 2024, ZEEKR will offer 21,000,000 American Depositary Shares (ADSs), each representing 10 ordinary shares, priced at $21.00 per ADS. These shares will debut on the New York Stock Exchange under the ticker “ZK”, with the offering projected to conclude by May 14, 2024, pending the usual closing terms.
Key Highlights
- Public Offering Priced at $21 per ADS: ZEEKR’s IPO involves 21,000,000 ADSs, with potential expansion via underwriter options.
- Trading Date and Venue: Begins trading on May 10, 2024, at the NYSE under ticker symbol “ZK”.
- Potential Gross Proceeds: Estimated at roughly $441.0 million, increasing to $507.2 million if underwriters fully exercise their over-allotment options.
- Underwriter Team: Includes notable financial entities such as Goldman Sachs Asia, Morgan Stanley Asia, and BofA Securities, among others.
About ZEEKR
Founded in March 2021, ZEEKR distinguishes itself in the BEV sector with a commitment to innovation in electric and intelligent automobile technology. The company’s product line features several models including the ZEEKR 001 and the luxury ZEEKR 009 MPV. With strong research and development at its core, ZEEKR aims to enhance the mobility experience through innovative BEV architecture and customer-centric technology solutions.
For additional details, investors are encouraged to consult the final prospectus available through major underwriting firms. The offering, as stipulated, will proceed only via prospectus provided as part of the effective registration statement endorsed by the U.S. Securities and Exchange Commission.
ZEEKR’s entrance to the public market marks a significant milestone in its journey towards leading technological transformations in the automobile industry without compromising on luxury and performance. With a robust organizational structure and agile product development strategies, ZEEKR is poised for rapid growth and continued innovation in the evolving market of electric vehicles. For more information, visit ZEEKR’s investor relations site.
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