On May 3rd, Zeekr Automotive Technology Co., Ltd. submitted an updated red herring prospectus to the U.S. Securities and Exchange Commission. They plan to list on the New York Stock Exchange under the ticker symbol “ZK”, intending to issue 17.5 million American Depository Shares (ADS), with each ADS representing 10 ordinary shares, at a price range of $18 to $21 per ADS. The prospectus reveals that Zeekr expects to use approximately $308.6 million in net proceeds from the IPO for the development of more advanced electric vehicle technologies, sales and marketing, expansion of its charging network, and general corporate purposes. … Continue reading Zeekr to Join Rivals NIO, Li Auto on NYSE with $5.12 Billion IPO, Eyes Historic Break-Even