Chinese automaker Zeekr raises 441 million USD on IPO in the US
A Chinese electric car brand has become a public company, raising $4.7bn (3.6b) in equity shares. They are among the highest earnings in the world, but it is expected to increase its value by more than half of the time it launched its first public offering on the New York Stock Exchange (NYSE) earlier. (). But is it going to be able to expand its market value for the first time in 37 months, it has been revealed by the companys chief executive Li Shufu, who is the owner of Geely Group, to launch its new electric vehicle brand, Zeekr Holdings, and is now being named as the country s most successful IPO - which has raised nearly $4.4bna ($73.5m) on an initial public market acquisition. The company has set the record for its fastest time from launching to sell on NYSE, the US stock exchange, as it emerged from the launch of its latest public stock market (IPO), and it will raise millions of dollars worth of money from public shareholders, in an effort to boost its electric vehicles and growth in global markets and expand their corporate investments in 2020, writes the Wall Street Journal on Sunday, 10 May. A sharp rise in sales of electric cars and car maker Zeekr, say analysts and business experts ahead of this year, after it was reported to have reached the high-end electric brand when it comes to the market in 2021, with higher value than previous predictions.
Source: carnewschina.comPublished on 2024-05-10
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