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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.07

-0.2%

Dec 19 3:48 PM EST

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From: Julius Wong	5/10/2024 9:34:50 AM
	of 2786

ZEEKR Intelligent Technology prices $441M initial offering at $21 per ADS May 10, 2024 5:43 AM ET By: Manshi Mamtora, CFA 2d illustrations and photos/iStock via Getty Images BEV technology company - ZEEKR Intelligent Technology ( ZK) priced initial offering of 21M ADSs, each representing 10 ordinary shares, at $21.0 per ADS. Underwriters have an option to purchase up to an additional 3.15M at the IPO price. Total gross proceeds of the offering are expected to be ~$441M, if the underwriters do not exercise their over-allotment option, and ~$507.2M if the underwriters choose to exercise their over-allotment option in full. The ADSs will begin trading on May 10, 2024, on NYSE under the ticker symbol "ZK." The offering is expected to close on May 14, 2024.

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