EV maker Zeekr is filing for an initial public offering in the U.S. to raise about $1 billion, according to Reuters.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Zeekr is a unit of Chinese vehicle maker Geely and could see a valuation of $10 billion upon listing. The company is looking at international expansion with its 001 crossover vehicle.
The development comes after the overhang of a potential delisting in the U.S. for a number of Chinese names lifted recently and the IPO could happen in Q2 2023.
Upon a successful listing, Zeekr would join other major Chinese EV names listed in the U.S. including, NIO (NIO), XPeng (XPEV), and Li Auto (LI).
Chinese stocks continue to remain in the spotlight as the country emerges from strict COVID-19 restrictions and the Direxion Daily CSI 300 China A Share Bull 2x Shares ETF (CHAU) has already gained 10.2% over the past month.
Read full Disclosure
