ZEEKR Intelligent Technology $441 million IPO
We advised ZEEKR on its IPO and NYSE listing
Davis Polk advised ZEEKR Intelligent Technology Holding Limited on its SEC-registered initial public offering of 21,000,000 American depositary shares (ADSs), each representing 10 ordinary shares, for total gross proceeds of $441 million. The underwriters have an option to purchase up to an additional 3,150,000 additional ADSs. ZEEKR is listed on the New York Stock Exchange under the ticker symbol “ZK.”
ZEEKR is a fast-growing battery electrical vehicle (BEV) technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, ZEEKR aspires to lead the electrification, intelligentization and innovation of the automobile industry. Since its inception, ZEEKR has focused on innovation in BEV architecture, hardware, software, and application of new technologies.
The Davis Polk corporate team included partners Li He and Ran Li and associates Wentian Xie and Yanan (Alvin) Xue. Counsel Jennifer Ng and associate Edwin Lee provided Hong Kong legal advice. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Associate Caroline R. Zhang provided 1940 Act advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, New York and London offices.