Published: December 8, 2023 at 3:58 pm ET
By Stephen Nacrose
ZKH Group said it plans to offer 4 million American depositary shares, representing 140 million of its Class A common shares, in an upcoming initial public offering.
The Cayman Islands holding company, which provides MRO procurement services through subsidiaries in China, expects the IPO to be priced between $15.50…
By Stephen Nacrose
ZKH Group said it plans to offer 4 million American depositary shares, representing 140 million of its Class A common shares, in an upcoming initial public offering.
The Cayman Islands holding company, which provides MRO procurement services through subsidiaries in China, expects to price the IPO between $15.50 and $17.50 per ADS, it said on Friday.
The company said it has applied to list its ADSs on the New York Stock Exchange under the symbol ZKH.
The company counts Phoenix ZKH Ltd., Tencent Mobility and Canada Pension Plan Investment Board among its major shareholders.
Deutsche Bank, China Renaissance and CICC are listed as the underwriters of the offer.
Write to Stephen Nakrosis at [email protected]
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