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Zeekr Intelligent Technology Prices IPO at $21 per American Depositary Share
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Zeekr Intelligent Technology Prices IPO at $21 per American Depositary Share
May 10, 2024 5:47 AM

08:18 AM EDT, 05/10/2024 (MT Newswires) -- Zeekr Intelligent Technology Holding ( ZK ) said Friday it has priced its initial public offering of 21 million American depositary shares at $21 apiece with total gross proceeds of roughly $441 million.

The company's American depositary shares, each representing 10 ordinary shares, will start trading under the ticker "ZK" on the New York Stock Exchange, effective May 10, Zeekr added.

The offering is anticipated to close on Tuesday, the company said.

The underwriters have been given the option to buy up to a total of 3.2 million additional American depositary shares at the IPO price, the battery EV technology company added.

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