Zeekr seeks over $1 billion in U.S. IPO

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Zeekr seeks over $1 billion in U.S. IPO
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A Zeekr IPO would be the first major U.S. float of a Chinese firm since Beijing tightened its grip on overseas share sales in July of 2021.

Dec 12th 2022 at 8:27AMbrands, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct knowledge of the matter told Reuters.

Zeekr lodged its filings with U.S regulators last week and is planning to go public in New York as early as the second quarter of 2023, said two of the sources and a fourth source who also had direct knowledge of the matter. Only five Chinese companies have completed U.S. IPOs this year, raising a combined $162.5 million, according to Refinitiv data — a far cry from the $12.8 billion raised last year.

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