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China's Zeekr to close $367.5 mln New York IPO one day early, source says
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China's Zeekr to close $367.5 mln New York IPO one day early, source says
May 6, 2024 10:36 PM

SYDNEY, May 7 (Reuters) - Chinese electric vehicle maker

Zeekr Intelligent Technology Holding will close its New York

initial public offering (IPO) bookbuilding to raise up to $367.5

million on Wednesday, according to two sources with direct

knowledge of the matter.

The company, the premium brand of Chinese automaker Geely,

had planned to close the bookbuilding on Thursday, according to

a term sheet distributed when the deal launched last week.

That has been brought forward by one day to Wednesday, the

source confirmed. Zeekr is still due to start trading in New

York on Friday, according to a third source familiar with the

matter.

The deal books are already multiple times oversubscribed,

one of the sources said.

The sources declined to be named because they were

discussing confidential information.

Zeekr declined to comment.

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