Geely’s electric car brand Zeekr files US IPO confidentially

Zeekr, the premium electric car brand under China’s Geely, said Tuesday it has confidentially filed for a U.S. initial public offering. If it goes through, it’ll be the first major Chinese listing in the country in nearly two years, following China’s effective ban of foreign IPOs.
Zeekr filed last week with regulators, but didn’t provide any details like the number of shares to be offered, the price range or listing date. Reuters reported that Zeekr, which will be spun out from Geely, aims to raise more than $1 billion through its debut and is seeking a valuation of mor

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