Exclusive Chinese electric vehicle maker Zeekr is pricing US IPO to raise $441 million, a source said

By Echo Wang

NEW YORK (Reuters) – Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) on Thursday at the top end of its stated range, raising $441 million, a person familiar with the matter said.

Zeekr, the premium brand of Chinese automaker Geely, has expanded its initial public offering, selling 21,000,000 million American depositary shares at $21 per share, the source said, requesting anonymity because these discussions are confidential. The IPO values ​​Zeekr at $5.1 billion.

The company completed investor orders a day earlier after its initial public offering was oversubscribed, the source said.

Zeekr did not immediately respond to a request for comment.

(Reporting by Echo Wang in New York; Editing by Anirban Sen)