HANGZHOU, China, May 10, 2024
/PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited
("ZEEKR" or the "Company") (NYSE: 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.
About ZEEKR Intelligent Technology Holding Limited
ZEEKR is a fast-growing BEV technology company. The Company
aspires to lead the electrification, intelligentization, and
innovation of the automobile industry through the development and
sales of next-generation premium BEVs and technology-driven
solutions. Incorporated in March
2021, ZEEKR has focused on innovative BEV architecture,
hardware, software, and the application of new technologies. Its
current product portfolio primarily includes ZEEKR 001, a
five-seater, cross-over hatchback; ZEEKR 001 FR, its latest
cross-over hatchback; ZEEKR 009, a luxury six-seater MPV; ZEEKR X,
a compact SUV; and an upscale sedan model.
With a mission to create the ultimate mobility experience
through technology and solutions, ZEEKR's efforts are backed by
strong in-house R&D capabilities, a deep understanding of
products, high operational flexibility, and a flat, efficient
organizational structure. Together, these features enable fast
product development, launch, and iteration, as well as the creation
of a series of customer-oriented products and go-to-market
strategies.
For more information, please visit
https://ir.zeekrlife.com/.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to", or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the SEC. All information provided in this press
release is as of the date of this press release, and the Company
does not undertake any duty to update such information, except as
required under applicable law.
Investor Relations Contact
In China:
ZEEKR Intelligent Technology Holding Limited
Investor Relations
E-mail: ir@zeekrlife.com
Piacente Financial Communications
Tel: +86-10-6508-0677
E-mail: zeekr@thepiacentegroup.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: zeekr@thepiacentegroup.com
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SOURCE ZEEKR Intelligent Technology Holding Limited