China’s Zeekr plans to raise up to $368m in U.S. IPO

(Reuters) — China-based electric-vehicle brand Zeekr Intelligent Technology Holding said on Friday it was aiming to raise $367.5 million in its U.S. initial public offering.

The company is looking to offer 17.5 million American depositary shares priced between $18 and $21 each.

The IPO will be the first major flotation by a China-based company in more than two years, after a drawn-out regulatory dispute between Washington and Beijing effectively stopped such listings.

Goldman Sachs and Morgan Stanley are among the underwriters for the IPO.