Geely’s EV Maker Zeekr Seeks Up to $368 Million in U.S. IPO

(Bloomberg) — Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a U.S. initial public offering.

The EV maker said in a filing Friday that it plans to market 17.5 million American depositary shares for $18 to $21 apiece in what will be the biggest U.S. offering by a China-based firm since 2021. Each ADS will represent 10 of the company’s ordinary shares.