TECH - Zeekr Puts U.S. IPO On Pause Due To Market Instability: Report | Benzinga
Geely Automobile Holdings Ltd‘s (OTCPK:GELYF) (OTCPK:GELYY) premium EV brand Zeekr has reportedly postponed its U.S. IPO plans.
What Happened: The decision was made in light of valuation discrepancies and increasing market instability, Reuters reported, citing multiple unnamed sources.
Zeekr, for its end, however, told Reuters that it has submitted a public filing to the Securities and Exchange Commission (SEC) and continues with the preparatory work.
Why It Matters: It was ...