Just one year after ZEEKR’s initial public offering in the US, its majority shareholder, Geely, has proposed delisting the company from the Nasdaq and taking it private. This move aims to consolidate resources, reduce costs, and enhance long-term value. Geely currently owns approximately 65.7% of ZEEKR and is offering to acquire the remaining shares at $2.57 per share or $25.66 per ADS, valuing the acquisition at around $2.2 billion. The proposal suggests that delisting will help ZEEKR focus on its strategic direction and better address global market challenges. — new from Electrek
