$ZEEKR (ZK.US)$ ZEEKR Intelligent Technology Holding Limited...
ZEEKR Intelligent Technology Holding Limited Announces Pricing of its Initial Public Offering
ZEEKR Intelligent Technology Holding announced the pricing of its initial public offering of 21,000,000 American Depositary Shares (ADSs) at US$21.0 per ADS. The total gross proceeds are expected to be approximately US$441.0 million. The ADSs will begin trading on May 10, 2024, on the NYSE under the ticker symbol 'ZK'. The underwriters have an option to purchase additional ADSs. The offering is expected to close on May 14, 2024.
ZEEKR is a fast-growing BEV technology company. The Company aspires to lead the electrification, intelligentization, and innovation of the automobile industry through the development and sales of next-generation premium BEVs and technology-driven solutions. Incorporated in March 2021, ZEEKR has focused on innovative BEV architecture, hardware, software, and the application of new technologies. Its current product portfolio primarily includes ZEEKR 001, a five-seater, cross-over hatchback; ZEEKR 001 FR, its latest cross-over hatchback; ZEEKR 009, a luxury six-seater MPV; ZEEKR X, a compact SUV; and an upscale sedan model.
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