Zeekr Intelligent Technology Holding Ltd, a high-end electric car brand under Zhejiang Geely Holding Group Co, is gearing up for a significant milestone. They are seeking to raise as much as US$367.5 million in a US initial public offering (IPO). Here are the key details:

1. IPO Details:

   - Zeekr plans to market 17.5 million American depositary shares (ADS) at a price range of US$18 to US$21 per ADS.

   - Each ADS will represent 10 ordinary shares of the company.

   - If the IPO is successful, Zeekr would have a market value of about US$5.5 billion at the top end of the range.

2. Investor Interest:

   - Geely Auto, Mobileye Global Inc, and Contemporary Amperex Technology Co Ltd have expressed interest in subscribing for up to US$349 million worth of shares in the offering.

3. Market Trends:

   - Zeekr's IPO is part of a broader trend of Chinese companies listing in the US. While Chinese regulators have eased restrictions on overseas listings, no issuer based in China raised more than US$200 million in the US last year.

   - Zeekr's net loss in 2023 was US$1.17 billion, but its revenue increased by over 60% from the previous year, reaching about US$7.3 billion.

   - The Zeekr lineup includes models like the 001 (a five-seat crossover), the X (a compact SUV), and the 007 (a premium sedan).

This IPO could be a significant step for Zeekr and the broader electric vehicle industry.