TapTechNews reports on May 11, Eastern Time May 10, ZEEKR Intelligent Technology, a subsidiary under Geely Holding Group, officially went public on the NYSE under the ticker symbol 'ZK'.
On its first trading day, ZEEKR shares opened at $26 per share, climbing to a high of $29.36 per share. By the end of the day, ZEEKR's stock price closed at $28.26, bringing its total market capitalization to approximately $6.89 billion (equivalent to around 49.87 billion yuan).
The IPO was priced at $21 per share, with a total of 21 million American Depositary Shares issued, raising about $441 million (approximately 31.88 billion yuan). This price was at the upper limit of the previously anticipated range of $18 to $21 per share, and the 21 million ADS sold exceeded the initially planned 17.5 million shares.
It's noteworthy that ZEEKR's listing sets a record for the fastest IPO in the history of new energy vehicles, achieving this milestone only 37 months after the brand's launch on April 15, 2021.
Meanwhile, An Conghui, CEO of ZEEKR Intelligent Technology and President of Geely Holding Group, revealed that a model customized in collaboration with Waymo is set to enter the US commuting market soon, with household products also to be launched in China and other markets shortly.