According to **, Geely's high-end electric vehicle brand Zeekr Intelligent Technology Holdings*** is studying the possibility of an initial public offering (IPO) in the United States in February next year. After gauging investor demand last month, Zeekr has been looking for a suitable listing window, according to people familiar with the matter. ZEEKR is currently considering a possible IPO around the Chinese New Year, that is, around February 10, betting that investor interest will increase by then.
Deliberations on the IPO are still ongoing, and IPO details, including the timeline, may still change.
A representative of ZEEKR responded that the company has filed IPO documents with the U.S. Securities and Exchange Commission (SEC) and is preparing for it. But the representative did not give any specific timeline for the IPO.
The news of ZEEKR's IPO has been full of twists and turns recently. Last month, ZEEKR publicly submitted an IPO prospectus to the SEC, planning to list on the New York Stock Exchange. On November 24, ZEEKR updated the F-1 file to the SEC. However, on November 30, a number of people close to ZEEKR pointed out that due to weak market sentiment and mismatched valuation expectations, ZEEKR decided to suspend the IPO plan.
Wall Street News** previously mentioned that as early as the end of August, ZEEKR began to contact some investment institutions. At that time, ZEEKR planned to raise $1 billion in an IPO and hoped to obtain a valuation of $18 billion. However, according to the feedback of investors in the industry at the time, this valuation was higher than expected. Industry insiders believe that it is difficult for ZEEKR to reach a valuation of $13 billion, and the final amount raised may be $500 million.
Li Shufu has always wanted to be a high-end positioning of pure electric brand. Within Geely, ZEEKR is the fourth new energy experimental sample, the first three are Polestar, Geometry Auto, and Lynk & Co, and ZEEKR is the most favored one at present.
Wall Street learned on December 1 that ZEEKR delivered 13,104 units in November, a year-on-year increase of 19%. From January to November, ZEEKR delivered a total of 1050,000 new vehicles. It is understood that in terms of going overseas, ZEEKR is expected to increase to 6 countries in the European market in 2024, enter 8 countries in 2025, and is expected to cover most of the core countries in Western Europe in 2026.
Wall Street news, welcome **app to see more.