ZEEKR Intelligent Technology (ZK), commonly known as ZEEKR, a premium EV brand of China's auto-giant Geely, has filed for an initial public offering of its shares in the US.
The company plans to list on the New York Stock Exchange (NYSE), under the ticker "ZK," and has hired top US investment banks, namely Morgan Stanley, Goldman Sachs, and BofA Securities, as lead underwriters for the share sale.
In the prospectus made public earlier today, ZEEKR also offered select details about its financials: for the six month period ending June 30th, 2023, the company posted a net loss of nearly $534M on revenue of $2.93B.
Additionally, the company disclosed that 69.7% of its shares are currently owned by Geely (spread between Geely Auto at 54.7%, and Geely Hong Kong at 13.2%), and 9.8% belong to GHGK Innovation Limited.
No specifics on the timing, the sizing, or the valuation pursued in the offering were provided. According to an earlier report, the company could be aiming to raise as much as $1B.
In its latest funding round in February of this year, the company raised $750M at a valuation $13B.
Zeekr delivered 71,941 to clients in 2022.