On the evening of May 10, Beijing time, Gekrypton was officially listed on the New York Stock Exchange with the stock code “ZK”.
Photo source: Gekrypton.
It is reported that due to oversubscription, Gekrypton has expanded its IPO scale, issuing a total of 21 million American Depositary Shares (ADS, each ADS corresponds to 10 common shares) at a price of US$21 per share, raising approximately US$441 million.
If the underwriters exercise their over-allotment option, the issuance scale will be further expanded to 24.
15 million ADS shares, raising approximately US$507 million.
As a luxury smart pure electric brand under Geely Holding Group, Gekrypton has set a new record for the fastest listing in the history of a new energy vehicle company.
It was only 37 months from the brand launch on April 15, 2021 to the successful IPO.
In 2023, Gekrypton will achieve operating income of 51.
7 billion yuan, and the gross profit margin of the vehicle will reach 15%.
From January to April this year, Gekrypton achieved more than doubled growth, a year-on-year increase of 111%, and continued to rank among the sales volume of more than 200,000 Chinese pure electric brands.
As of the end of April 2024, Gekrypton has delivered more than 240,000 vehicles.
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