Zeekr, a Chinese company, discloses greater losses and Beijing’s involvement in its US IPO documentation

    China’s Zeekr Intelligent, a premium electric car brand owned by Geely Auto, has revealed wider losses for the first half of the year. The company has also cautioned about potential interference from the Chinese government in its operations. Zeekr has filed for its initial public offering (IPO) in New York and is looking to raise more than $1 billion. The IPO could mark the first major float in the U.S. by a Chinese company in two years, following the delisting of Didi Global. Goldman Sachs and Morgan Stanley are serving as the lead underwriters for Zeekr’s IPO. The company reported a net loss of 3.87 billion Chinese yuan ($531.34 million) for the six months ended June 30. It plans to list its shares on the New York Stock Exchange under the ticker symbol “ZK”.

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