Geely Automobile’s (00175.HK) premium electric vehicle brand Zeekr updated its prospectus on May 3rd. It plans to issue 17.5 million ADSs (American Depositary Shares), with the offering price ranging from USD 18 to USD 21 per ADS, resulting in a fundraising scale of between USD 315 million and USD 367.5 million.
According to Unicorn Early Bird, Zeekr (stock code: ZK) is expected to commence bookbuilding and pricing inquiries this week (from May 6 to May 9) and is anticipated to officially list on the New York Stock Exchange on Friday, May 10. The company has already initiated a pre-deal investor education (PDIE).
The SEC website shows that Zeekr filed a confidential submission with the SEC on December 7, 2022, and subsequently publicly disclosed its prospectus on November 9, 2023.
Link to Zeekr’s prospectus:[https://www.sec.gov/Archives/edgar/data/1954042/000110465924057064/tm229938-32_f1a.htm]
The target valuation for Zeekr’s IPO is USD 5.13 billion. Its joint underwriting team includes Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, CICC, BNP Paribas, BOC International, Minsheng Securities, HSBC, CMBI, ICBC International, Santander, and SPDB International.
