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.
Geely’s Zeekr revives New York IPO plan
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