Can The ZEEKR IPO Provide A Jolt Of Enthusiasm For Chinese IPOs?

Geely-backed EV brand illustrates China’s strategy to dominate the global market as cars go electric and intelligentA lot is riding on the IPO of ZEEKR, the Chinese EV maker, which is expected to start trading today on the NYSE under the symbol (NYSE: ZK) after pricing at the top of its range at $41 per share. At a market cap of just over$5 billion, this is the first IPO of any real size coming from the PRC since the debacle of Didi Chuxing’s (OTC: DIDIY) listing and subsequent delisting in 2021.Bankers in ...