Geely’s premium EV brand Zeekr to meet global investor for $1 bn US IPO – report

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Zeekr, a premium EV brand owned by Chinese automaker Geely, will meet global investors from August-end to test appetite for a $1 billion US IPO, reported Reuters citing people with direct knowledge of the matter.

The share sale will yield a valuation of over $13 billion, as achieved during a private $750 million funding round in February, the report said.

Zeekr will meet investors over two weeks in Hong Kong, Singapore, London, New York, Boston, California and the Middle East, the report said. They said the final deal size would depend on financial market conditions later this year.