Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million on Wednesday, according to two sources with direct knowledge of the matter.
The company, the premium brand of Chinese automaker Geely, had planned to close the bookbuilding on Thursday, according to a term sheet distributed when the deal launched last week.
That has been brought forward by one day to Wednesday, the source confirmed. Zeekr is still due to start trading in New York on Friday, according to a third source familiar with the matter.
The deal books are already multiple times oversubscribed, one of the sources said.
The sources declined to be named because they were discussing confidential information.
Zeekr declined to comment.
Reuters
