Geely’s EV Maker Zeekr Tops US IPO Goal to Fetch $441 Million

Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., expanded its initial public offering to raise $441 million in the biggest US listing by a China-based company since 2021.

Zeekr sold 21 million American depositary shares — 3.5 million more than it had planned — Thursday at the top of the marketed range of $18 to $21, according to a statement. With the upsize, the company has a market value of about $5.2 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.

Underwriters ...