(New York Comprehensive News) Geely's high -end electric vehicle polar vehicle is intended to go public in the United States.
According to Bloomberg, Jiwang Automobile submitted the updated prospectus to the US Securities and Exchange Commission on Friday (May 3) to the US Securities and Exchange Commission. It is planned to be listed on the NYSE codes with "ZK" as the stock code.
The prospectus shows that Ji Ji will issue 17.5 million ADS (US depository shares), each ADS corresponds to 10 ordinary shares, and the issue price range is US $ 18 to 21 per share.The largest IPO is listed in the United States.Based on the $ 21 per share, the market value of the pole is about 5.5 billion US dollars.
Geely Automobile, Ningde Times and Israeli Automobile Technology R & D companies Mobileye intends to subscribe to a $ 349 million stock in this issue.
According to the First Financial Report, Ji Ji revenue was RMB 51.7 billion (S $ 9.86 billion) in 2023, and the gross profit margin of the vehicle reached 15%, second only to Tesla in high -end pure tram companies.
After being listed in the United States two years ago, it has been reviewed by China ’s network security after listing in the United States.Although Chinese regulators have relaxed the restrictions on overseas listing of Chinese enterprises, according to data compiled by Bloomberg, no Chinese companies' financing in the United States last year exceeded $ 200 million.
