Krypton US IPO seeks $5.13 billion valuation
On May 3, it was reported that electric car maker Zeekr Intelligent Technology Holding said it would target a valuation of up to $5.13 billion in an initial public offering (IPO) in the United States, the largest U.S. share offering by a Chinese company in more than two years. According to the filing, Polar Krypton plans to raise up to $367.5 million by offering 17.5 million American Depositary shares (ADS) at a price of $18 to $21 each.
It is understood that on November 9, 2023, Polar Krypton officially submitted its initial public offering prospectus to the United States Securities and Exchange Commission (SEC). Polar Krypton will be listed on the New York Stock Exchange under the ticker symbol "ZK." The successful listing of Polar Krypton will add another member to Geely's listed automobile companies. Lotus also listed on Nasdaq earlier this year. On May 1, polar Krypton released data showing that sales in the first four months of this year increased by 111% year-on-year. Among them, sales in April were 16,100 vehicles, an increase of 99% year-on-year and 24% month-on-month.
Article from "PKT AUTO PARTS"
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2024 China (Taizhou) Int'lAUTO PARTS &SERVICE SUPPLIESExpo will be held in 2024.9.19-22,Taizhou International Expo Center(558 Xinhai Road, Jiaojiang District, Taizhou)
Three new energy pure tram technology supply chain display, three traditional auto parts product display NIO, Geely, GAC and other dozens of automakers participated.
