Simpson Thacher represented the underwriters in connection with the initial public offering and listing on the New York Stock Exchange of ZEEKR Intelligent Technology Holding Limited (“Zeekr”), the largest U.S. IPO by a Chinese company in the past 3 years. The offering comprised 21,000,000 American Depositary Shares (“ADSs”), representing 210,000,000 ordinary shares, before exercise of the underwriters’ over-allotment option. The base offering size was US$441 million. Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, Merrill Lynch (Asia Pacific) Limited and China International Capital Corporation Hong Kong Securities Limited acted as representatives of the underwriters. Zeekr’s ADSs are traded on the New York Stock Exchange under the symbol “ZK.”
Zeekr is a fast-growing battery electric vehicle (“BEV”) technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, Zeekr aspires to lead the electrification, intelligentization and innovation of the automobile industry.
The Simpson Thacher team for the transaction included Yi Gao, Christopher Wong, Chenjing Shen, June Hu, Jeff Wong and Christy Li (Capital Markets); Jonathan Cantor, Tova Pfeffer and Mohanad Salaimi (Tax); George Wang, Bryan Jin, Daniel Levien, Shuhao Fan and Wendy Wu (Regulatory); and Jennie Getsin (FINRA and Blue Sky).