It took a record 37 months for the company to go public
Zeekr Intelligent Technology Holdings successfully listed on the New York Stock Exchange in the United States, raising $441 million in its IPO. This will help Zeekr enter foreign markets more actively and expand its product line.
This is the largest stock offering by a Chinese company in more than two years, and it was even more successful than expected: Zeekr planned to raise up to $367.5 million by selling 17.5 million American depositary shares ( ADS) priced from $18 to $21. But in the end, 21 million American depositary shares were issued at a price of $21 per share..
In 2023, Zeekr delivered 118,685 vehicles. The brand has also entered the markets of Europe, Central Asia and Southeast Asia. Currently, the Zeekr line includes four models: the Zeekr X crossover, the Zeekr 001 liftback, the Zeekr 007 sedan and the Zeekr 009 minivan. The company will also soon release a Mix MPV and a CX1E crossover.
Furthermore, Zeekr will be able to expand to 24.15 million American depositary shares in the future. This will allow Zeekr to raise US$507 million. Zeekr CEO An Conghui noted that Zeekr has set the record for the fastest time from launch to IPO among electric vehicle brands. It took Zeekr just 37 months to list on the NYSE. According to An Konghui, Zeekr's secret lies in the combination of Geely Group's experience in car manufacturing and global resources.
After the IPO, Geely Group founder Li Shufu owns 74.6% of Zeekr shares, and Zeekr CEO An Conghui owns 2.8% shares.