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Geely’s Zeekr revives New York IPO plan

Zeekr, the premium electric vehicle brand owned by Geely, has resumed plans to raise up to $500 million in a New York IPO after previously putting the listing on hold in November due to valuation disagreements with investors and volatile financial markets. Currently conducting a non-deal roadshow with potential investors, Zeekr has filed a prospectus with the SEC and is proceeding with preparatory work. Amid a quiet Q1 for Chinese IPOs in the US, with only six companies raising a total of $46.9 million compared to $428 million during the same period last year, Zeekr’s revival of its IPO plans reflects ongoing efforts to enter the market despite challenging conditions.

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