Chinese EV maker Zeekr will close its New York initial public offering (IPO) to raise up to $367.5 million this week, Reuters reports, citing two sources with direct knowledge of the matter.
Zeekr, which is Geely’s premium brand, had planned to close the bookbuilding this Thursday, according to a term sheet distributed when the deal launched last week.
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That has been brought forward by one day.
Zeekr declined to comment to Reuters.
The company is selling 17.5 million American depository shares in a price range of $18 and $21 each, according to its filings.
At the top of that range, Zeekr will be valued at $5.13 billion.
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By GlobalDataKey investors, including Geely, have subscribed for up to $349.1 million worth of stock on offer in the deal, according to the launch term sheet.
