On May 10th Eastern Time, the first trading day of Extreme Krypton (ZK) on the New York Stock Exchange ended.
On the first day of listing, Jike opened at $26 per share, reaching a high of $29.36 per share. As of the close, Jike was trading at $28.26 per share, up 34.57% from the issue price, with a market value of $6.898 billion (approximately RMB 49.85 billion). Jike believes that the successful listing of Jike in the United States will help the capital market reassess the global value of China's new energy vehicles.
It is reported that about 45% of the funds raised by Jike are used to develop more advanced pure electric vehicle technology and expand product portfolios; About 45% is used for sales and marketing, as well as expanding the company's service and charging network; About 10% is used for general corporate purposes, including working capital requirements.
"Based on the concept of architectural car manufacturing, we have created the SEA vast pure electric architecture and achieved global innovation in the core field of intelligent electric vehicles through vertical integration of the industry chain." At the IPO site, An Conghui, President of Geely Holding Group and CEO of Geely Krypton Intelligent Technology, revealed that based on the vast M architecture, the customized models of Geely Krypton and Waymo will soon enter the US travel market, and their household products will also be launched in markets such as China.
It is worth mentioning that Jike is also the second IPO under Geely Holding Group this year. With the successful IPO of Jike, Li Shufu, Chairman of Geely Holding Group, the "Automobile Madman", has already owned 9 listed automobile companies, including Geely Automobile, Volvo Automobile, Qianjiang Motorcycle, Jixing, Yikatong, Hama Technology, Lifan Technology, and Lotus Technology.