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JiKrypton Auto plans to submit an IPO application to the United States this week, sources say
JiKrypton Auto plans to submit an IPO application to the United States this week, sources say
According to two "people familiar with the matter", Geely Automobile's high-end electric vehicle brand Ji Krypton will disclose some details of its initial public listing (IPO) plan in New York this week. The news comes from a Reuters report on Thursday
It was reported that Jikrypton will release a prospectus "shortly" and its shares may start trading on stock exchanges within weeks of the announcement. . One of the sources revealed that Jikrypton’s underwriters will be led by Goldman Sachs and Morgan Stanley.
However, Ji Krypton, Morgan Stanley and Goldman Sachs were unwilling to comment to Reuters
Previously reported by this site Reuters quoted three people familiar with the matter in December last year as saying that Jikrypton had applied for an IPO in the United States and planned to raise approximately US$1 billion. Jikrypton is seeking a valuation of more than $10 billion and would be the first major Chinese company to list in the U.S. in more than a year and a half, two sources said. According to the October delivery data released by Jikrypton Motors earlier this month, 13,077 vehicles were delivered that month, with both delivery and Dading hitting a record high. Currently, JiKr Motors has products such as JiKr 001, JiKr 009, and JKr X on sale, and will release the pure electric sedan JiKr 007 at the Guangzhou Auto Show.
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