IPO - China's Zeekr Prices US IPO At Top End Of Estimated Range - What's On The Cards? | Benzinga
ZEEKR Intelligent Technology Holding Limited (NYSE:ZK), the global electric mobility technology solutions brand of Chinese automaker Geely Automobile Holding (OTC:GELYY), priced its U.S. initial public offering (IPO) of 21 million American Depositary Shares (ADS) at $21 per share.
The shares will begin trading on May 10, 2024, on the New York Stock Exchange under the ticker symbol “ZK.”
The company earlier planned to sell 17.50 million ADSs with the price estimated between $18.00 and $21.00 per ADS.
The offering is expected to close on May 14, 2024, subject to customary closing conditions.
The company has granted the underwriters an option, exercisable for 30 days from the date of the final prospectus, to purchase up to an aggregate of 3.15 million ...