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Geely's ZEEKR Files for $500 Million US IPO, Reveals Wider Loss, China Influence Concerns
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Geely's Zeekr Plans $500M US IPO, China Influence Concerns, Wider Loss, Geely Shares Fall
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Chinese premium electric vehicle brand ZEEKR, a subsidiary of Geely, has filed for an estimated $500 million US IPO, planning to be listed on the New York Stock Exchange with the stock code 'ZK.' The IPO paperwork reveals a wider loss and concerns about China's influence. The company is also preparing for a $1 billion US IPO. Geely's shares have fallen in response to the news. The IPO filing is the latest listing by China's Geely, indicating a significant move in the electric vehicle market and the US IPO market.