Zeekr Electric Vehicle Brand Raises $441M in US IPO

Zeekr Electric Vehicle Brand Raises $441M in US IPO

Aaron Khatri
2 min read

Zeekr's Successful US IPO Raises $441 Million, Reflecting Investor Confidence in EV Market

Zeekr, a prominent China-based electric vehicle (EV) brand, has achieved an impressive feat by raising $441 million in its US IPO. The company managed to sell 21 million American depositary shares (ADS) at $21 each, surpassing its initial plan of 17.5 million ADS in the $18-$21 range. This substantial funding and strong market response signify a robust investor confidence in Zeekr and the EV industry as a whole.

Key Takeaways

  • Zeekr's successful $441 million US IPO showcases investor confidence in the EV market and marks a significant entry into the US market.
  • Strategic investments from Geely Auto, Mobileye, and CATL underline substantial industry support for Zeekr's vision and growth prospects.
  • The IPO's underwriters, including Goldman Sachs and Morgan Stanley, play a crucial role in facilitating Zeekr's expansion and visibility in the US market.


Zeekr's triumphant US IPO, led by financial powerhouses like Goldman Sachs and Morgan Stanley, serves as a testament to the growing confidence in the EV sector among investors. The strategic backing from influential industry players such as Geely Auto, Mobileye, and CATL further reinforces Zeekr's position as a formidable player in the global EV landscape. This substantial influx of capital is poised to fuel Zeekr's innovation and expansion, posing a formidable challenge to its competitors while benefiting its network of suppliers. Moreover, this milestone may pave the way for other China-based EV companies to enter the US market, fostering healthy competition and bolstering the growth of the sector. Ultimately, this trend could lead to positive environmental impacts, especially in regions that are dedicated to promoting EV adoption and clean energy initiatives.

Did You Know?

  • American Depositary Shares (ADS): These represent ownership in the shares of a foreign corporation and are being utilized by Zeekr to offer their shares in the US IPO, enabling American investors to partake in the ownership of this China-based EV brand.
  • Strategic Investors (Geely Auto, Mobileye, and CATL): These industry stalwarts in the automotive and technology sectors have extended their support to Zeekr, signifying a robust vote of confidence in the company’s growth potential.
  • IPO Underwriters (Goldman Sachs, Morgan Stanley, and others): These esteemed investment banks are spearheading Zeekr's IPO, which is a significant milestone for the company, facilitating its access to a broader pool of investors and amplifying its presence in the US market.

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