CHINA'S ZEEKR PLANS TO RAISE UP TO $368 MILLION IN US IPO

(Reuters) -China-based electric vehicle brand Zeekr Intelligent Technology Holding said on Friday it was aiming to raise $367.5 million in its U.S. initial public offering.

The company is looking to offer 17.5 million American depositary shares (ADSs) priced between $18 and $21 each.

The IPO will be the first major flotation by a China-based company in more than two years, after a drawn-out regulatory dispute between Washington and Beijing effectively stopped such listings.

Goldman Sachs and Morgan Stanley are among the underwriters for the IPO.

(Reporting by Niket Nishant and Arasu Kannagi Basil in Bengaluru; Editing by Anil D'Silva)

2024-05-03T21:57:36Z dg43tfdfdgfd