The high -end brand of Chinese car companies Geely Automobile performed well in Nasdaq in the United States. After listing, stocks have risen by more than 30%after listing, becoming the largest in the United States in the past three years.IPO.
Comprehensive Bloomberg and Reuters reported that on May 10th, Eastern Time, Jiwen US stocks were traded on the New York Stock Exchange with ZK as the stock code.23.8%, far exceeding the $ 21 of the IPO issuance price, the stock price rose to $ 29.36, the increase in the market expanded to 39.8%, and finally closed up 34.6%, with a market value of about 6.9 billion US dollars.
The prospectus announced by the previously announced that the company will issue 17.5 million US depository stocks (ADS, each ADS corresponds to 10 ordinary shares).The original shareholder Geely Automobile said that it will subscribe for more than 320 million US dollars of ADS, and investors and shareholders such as Ningde Times and Mobileye also expressed interest in participating in the subscription.
After the IPO is completed, Li Shufu, the founder and chairman of Ji Yan, will control about 75%of the shareholders' voting rights of the company.
But Ji Ji announced on Wednesday (May 8) that due to excess subscription, the company expanded the IPO scale, and issued 21 million ADS at a price of $ 21 per share, raising approximately $ 441 millionEssence
Ji Ji is the largest listing of Chinese companies in the United States since the IPO of $ 4.4 billion worldwide three years ago.In addition, Ji Yan landed in US stocks in just three years, setting the fastest record for new energy vehicle companies.In contrast, Tesla was listed only after seven years. Xiaopeng Automobile spent six years, the ideal car used for five years, and Weilai used it for four years.
Public information shows that it was established in 2021. It is a high -end pure electric luxury brand created by Geely Holding Group.Model.At the 2024 Beijing International Auto Show held in the recently, the fifth model of Ji Ji appeared at the MIX.
Data show that as of the end of April 2024, the total number of vehicles had been delivered to over 240,000 vehicles.In April of this year, Ji Yan delivered 16,089 units, an increase of 99%year -on -year, and an increase of 24%month -on -month, a record high.
Reuters reports that the fierce competition between Chinese competitors and between Tesla has eroded the profits of electric vehicle manufacturers and prompting them to turn their attention to other markets to expand.However, Ji Yan also warned investors in the prospectus that the Chinese government may interfere with its business to promote its own supervision, political and social goals.
On the day of the official listing on Friday, it was reported that the Bayeng government planned to announce new tariff measures for the Chinese strategic industry next week, including electric vehicles, batteries and solar equipment.
The U.S. government has repeatedly accused China of exporting excess capacity and impacting overseas cars, solar energy and other markets.
