By Echo Wang
NEW YORK (Reuters) – Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 million, a person familiar with the matter said.
Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21,000,000 million American Depositary Shares at $21 per share, the source said, requesting anonymity as these discussions are confidential. The IPO values Zeekr at $5.1 billion.
The company closed orders from investors a day earlier after its IPO was oversubscribed, the source said.
Zeekr did not immediately respond to a request for comment.
(Reporting by Echo Wang in New York; Editing by Anirban Sen)
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