On May 8, Ji Krypton will end its IPO subscription, one day earlier than originally planned, and will be officially listed on the New York Stock Exchange under the code "ZK" on May 10. It is reported that Ji Krypton has received several times of subscription. Since the IPO price is not high, based on the upper limit of the issuance range, Ji Krypton is valued at US$5.13 billion, which is lower than the 13 billion in the previous round (Series A) of financing. Dollar.
According to the original plan, Jikrypton will issue 17.5 million ADS shares in this IPO, with the issuance range being ADS 18-21 US dollars per share. Based on the upper limit of the issuance range, Jikrypton will raise up to US$367.5 million in the IPO. If the over-allocation option is executed The final scale will be up to US$422 million. Among them, Geely will subscribe for ADS worth up to US$320 million, while Mobileye and CATL plan to subscribe for up to US$10 million and US$19.08 million in ADS respectively.
According to the previous quasi-prospectus submitted by Jikrypton to the U.S. SEC, Jikrypton’s revenue sources include automobile sales, R&D services and other services, and sales of batteries and other parts.
In 2021, 2022 and 2023, Jikrypton's total revenue will be RMB 6.5275 billion, RMB 31.8994 billion and RMB 51.6726 billion respectively, and its automobile sales revenue will be RMB 1.5443 billion, RMB 19.6712 billion and RMB 33.9118 billion respectively. Its growth was driven by increased vehicle sales.
JiKr's current product portfolio mainly includes JiKr 001, JiKr 001 FR, JiKr 009, JiKr X and JiKr 007. As of December 31, 2023, since the delivery of the first Jikrypton model in October 2021, Jikrypton has delivered a total of 196,633 Jikrypton vehicles, of which 192,441 were delivered in China. In the four months from January to April 2024, Ji Krypton’s delivery volume has reached close to 50,000 vehicles.
Source: Internet
The original article was originally published on WeChat public account (automotive new technology information):Jikrypton’s IPO has been over-subscribed and will be officially listed on the New York Stock Exchange on May 10
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