Rakuten on May 11
Li Donghui, CEO of Zhejiang Geely Holding Group, said at the ZEEKR listing dinner a few days ago that the ZEEKR IPO is a microcosm of Geely Holding's overall strategic plan.
"Through the IPO, we have increased the transparency and standardization of corporate governance, enhanced the independence and integrity of the operation and accounting of our sub-business groups, improved operational efficiency, and better communicated with users, industries, regulators and investment institutions in a responsible manner, so as to promote global compliance governance of enterprises."
According to reports, ZEEKR was officially listed on the New York Stock Exchange yesterday. As a result of the oversubscription, ZEEKR expanded its IPO by issuing a total of 21 million American Depositary Shares (ADSs) at a price of US$21 per share, raising approximately US$441 million, and if the underwriters exercise their over-allotment rights, the offering size will be further expanded to 24.15 million ADSs, raising approximately US$507 million.
The opening price of ZEEKR on the first day was $26, an increase of 23.8% from the issue price; The closing price was $28.26, up 34.57% from the issue price; At the closing price, the company has a market capitalization of $6.9 billion.
The following is the speech of Li Donghui, CEO of Zhejiang Geely Holding Group, at the dinner:
Daniel Li Dinner Speech
Dear guests, partners and media friends,
Dear guests, partners, and friends from the media:
Good evening, everyone!
Good Evening!
Today is an exciting day, thank you to everyone here for your care and support! I believe that ZEEKR, the most active and influential capital market in the world, will usher in a better future.
Today is an exciting day, thank you to everyone for your long term support and commitment.
Zeekr will surely have a bright future ahead now that it is listed on the world’s most active and influential capital market.
Geely Holding Group is a smart e-mobility and energy services technology company, with its brands independent and synergistically developed, focusing on users and brand positioning, actively participating in market competition to meet the needs of users in different market segments.
Each brand seeks synergy in basic technology research and infrastructure development, maximizes the sharing of group resources, and creates greater value for users. With electrification and intelligent transformation as the core, Geely Holding Group has made strategic layouts in cutting-edge technology fields such as new energy technology, human-computer interaction, intelligent driving, on-board chips, and low-orbit satellites, providing a strong boost for the growth of its sub-brands.
Geely Holding Group has grown to become a global smart electric mobility technology company.
We have a diverse portfolio of brands, which are independent of each other, yet work closely together on technologies.
Each brand has their unique positioning and actively competes to meet the needs of consumers in different market.
They seek synergies in core R&D and infrastructure to maximize the efficient use of group resources and create greater value for users.
With a strong focus on intelligence and electrification, we have developed leading technologies in new energy, HMI, autonomous driving, vehicle chips, and satellites to support the growth of our brands.
The ZEEKR IPO is a microcosm of Geely Holding's overall strategic plan. Through the IPO, we increase the transparency and standardization of corporate governance, enhance the independence and integrity of the operation and accounting of our sub-business groups, improve operational efficiency, and better communicate with users, industries, regulators and investment institutions in a responsible manner, so as to promote global compliance governance.
Zeekr's IPO is a just one part of Geely Holding’s long-term strategy.
By listing our brands, we increase their transparency, raise their corporate governance standards, and improve their independence, integrity, and efficiency - which ultimately lead to better communication with users, partners, regulators, and investors.
The global new energy vehicle market contains huge development opportunities. ZEEKR is positioned as a luxury intelligent pure electric brand, which is an important part of Geely's electrification, high-end, and globalization. I believe that ZEEKR will be able to seize the historical opportunity, explore the road of long-term sustainable development at a new starting point, and give back to users, investors and society with more excellent results!
There are huge demands and opportunities in the global new energy vehicle market.
Zeekr is positioned as a premium electric mobility brand and is an important pillar supporting Geely's electric transformation.
I believe that Zeekr will be able to seize this historic opportunity and become a sustainable business that unlocks long term value for users, investors and society.
Thank you again for your support! Let's raise a glass to celebrate this unforgettable occasion!
Thank you again for your support! Let us raise a toast together in celebration of this moment!
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Lei Di was founded by Lei Jianping, a media person, if it is reprinted, please indicate the source.