09:15 AM EDT, 04/03/2024 (MT Newswires) -- Zeekr is renewing plans to hold an initial public offering in the US and raise up to $500 million, Reuters reported Wednesday, citing two unnamed sources familiar with the situation.

Zeekr is an electric vehicle manufacturer owned by Chinese automaker Geely.

"The company has made a public filing to the SEC and is proceeding with the preparatory work," Zeekr told Reuters in a statement.

The company is now holding a non-deal roadshow with certain investors, the report added, citing the sources.

Neither Zeekr nor Geely immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)