Chinese electric vehicle maker Zeekr aims to achieve a $18 billion market valuation before pursuing a $1 billion IPO in the US, a Sept. 19 report by Jiemian said. In February of this year, Zeekr was valued at $13 billion after a Pre-A funding round, according to the report. In August, publicly available information on the China Securities Regulatory Commission website revealed that Zeekr had applied for government approval for its proposed IPO on the New York Stock Exchange. Over the past three weeks, Zeekr has been conducting roadshows. Insiders familiar with Zeekr’s roadshows told Jiemian that the company has been holding meetings with investors in Singapore and Europe, with a primary focus on overseas investors. If the fundraising goes smoothly, Zeekr’s $1 billion IPO could become the largest one by a Chinese company in the United States since Didi raised $4.4 billion in 2021, the report said. However, Gui Lingfeng, Director at consulting firm Kearney, told Jiemian that US capital markets are cautious about Chinese concept stocks and emerging companies that provide exclusively electric vehicles, such as Zeekr. [Jiemian, in Chinese]
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