China's WeRide Said to Raise $440.5 Million in US IPO, Placement [Yahoo! Finance Canada]
ZEEKR Intelligent Technology Holding Limited American Depositary Shares (each representing ten (10) Ordinary Shares) (ZK)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The Guangzhou-based autonomous vehicle company had intended to sell 6.45 million American depositary shares at $15.50 to $18.50 each. The IPO priced at the bottom of the range, with the ADS selling for $15.50 each, but upsized by 20% to raise a total of $120 million, the people said, asking not to be identified discussing private information. Separately, a group of investors agreed to buy $320.5 million worth of ordinary shares via private placements, according to WeRide's filings with the US Securities and Exchange Commission. Alliance Ventures, the venture capital fund of the Renault Nissan Mitsubishi Alliance and an existing WeRide backer, was set to purchase $97 million worth of shares, the filings show. WeRide didn't immediately respond to a request for comment. The share sale caps WeRide's lengthy road to a public listing in the US. The company had paused its listing plan in mid-August for a week to make room for a new investor, Bloomberg News r
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ZK
News
- ZEEKR Announces October 2024 Delivery UpdatePR Newswire
- ZEEKR Intelligent Technology Holding Limited (NYSE: ZK) is now covered by analysts at CICC Research. They set an "outperform" rating and a $31.74 price target on the stock.MarketBeat
- China's WeRide Said to Raise $440.5 Million in US IPO, Placement [Yahoo! Finance Canada]Yahoo! Finance Canada
- China's WeRide Said to Raise $440.5 Million in US IPO, Placement [Yahoo! Finance]Yahoo! Finance
- ZEEKR to Report Third Quarter 2024 Financial Results on November 14, 2024PR Newswire
ZK
Sec Filings
- 11/1/24 - Form 6-K
- 10/21/24 - Form 6-K
- 10/2/24 - Form 6-K
- ZK's page on the SEC website