crashbandicootnsanetrilogy| Gekrypton was listed on the New York Stock Exchange, and its share price rose 34.57% on the first day

May 10 US Eastern timeCrashbandicootnsanetrilogyPolar Krypton Intelligent Technology Holdings Limited (hereinafter referred to as "Polar Krypton") is officially listed on the New York Stock Exchange in the United States.CrashbandicootnsanetrilogyThe stock symbol is "ZK".

As a result of being oversubscribed, Polar Krypton expanded the size of IPO, issuing a total of 21 million American depositary shares (ADS, 10 common shares per ADS) at a price of $21 per share, raising about 4%.Crashbandicootnsanetrilogy41 billion U.S. dollars, if the underwriter exercises its over-allotment right, the size of the offering will be further expanded to 24.15 million shares of ADS, raising about 5 percent.CrashbandicootnsanetrilogyUs $0.07 billion. It has been revealed that about 45 per cent of the funds raised by IPO will be used to develop more advanced pure electric vehicle technology and expand the product portfolio; about 45 per cent will be spent on sales, marketing and expanding the service and charging network; and about 10 per cent will be used for general corporate purposes, including working capital requirements, to support business operations.

At the bell ringing ceremony that night, a total of 11 people took part in the bell ringing. In addition to CEO an, the CEO and executive director of Geely Automotive Holdings Limited, CEO Li Donghui, senior vice president of Geely, Yang Xueliang, extreme krypton CFO Yuan, and Xu Yun, vice president of extreme Krypton Intelligent Technology.

An Conghui said that it took 37 months from its establishment to listing, setting the fastest record for a new energy vehicle brand from its launch to IPO. "in the future, Polar Krypton will take listing as an opportunity to further upgrade its governance structure and achieve global compliance, transparent and sustainable development."

According to the prospectus, the total operating income of polar krypton in 2021, 2022 and 2023 is 6.5 billion yuan, 31.9 billion yuan and 51.7 billion yuan respectively. Its revenue composition mainly comes from vehicle sales, three power business, research and development and other services. By the end of April 2024, it had delivered more than 240000 vehicles.

Polar krypton opened at $26 a share, rose as high as $29.36 a share on its first day of trading, and closed at $28.26 a share, an increase of 34.57%, with a total market capitalization of $6.997 billion.