ZEEKR Intelligent Technology Holding Limited (ZK), a fast-growing battery electric vehicle ("BEV") technology company, today announced the pricing of its initial public offering of 21,000,000 American Depositary Shares ("ADSs"), each representing 10 ordinary shares of the Company, at US$21.0 per ADS. The ADSs will begin trading on May 10, 2024, on the New York Stock Exchange under the ticker symbol "ZK." The offering is expected to close on May 14, 2024, subject to customary closing conditions.
The Company has granted the underwriters an option, exercisable for 30 days from the date of the final prospectus, to purchase up to an aggregate of 3,150,000 additional ADSs at the IPO price. The total gross proceeds of the offering are expected to be approximately US$441.0 million if the underwriters do not exercise their over-allotment option, and approximately US$507.2 million if the underwriters choose to exercise their over-allotment option in full.
Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, Merrill Lynch (Asia Pacific) Limited, China International Capital Corporation Hong Kong Securities Limited, BNP Paribas Securities Corp., BOCI Asia Limited, CMBC Securities Company Limited, CMB International Capital Limited, HSBC Securities (USA) Inc., ICBC International Securities Limited, Santander US Capital Markets LLC, and SPDB International Capital Limited are acting as underwriters for the offering.
A registration statement related to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This offering is being made only by means of a prospectus, forming a part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the following underwriters: (1) Goldman Sachs (Asia) L.L.C., 200 West Street, New York, NY 10282, United States, or by telephone at +1-866-471-2526 or by emailing prospectus-ny@gs.com; (2) Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, United States, or by telephone at +1-866-718-1649 or by emailing prospectus@morganstanley.com; (3) BofA Securities, Inc., One Bryant Park, New York, NY 10036, United States, or by telephone at +1-800-294-1322 or by emailing dg.prospectus_requests@bofa.com; (4) China International Capital Corporation Hong Kong Securities Limited, 29/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong, or by telephone at +852-2872-2000 or by emailing g_prospectus@cicc.com.cn.
