Extreme krypton (ZKcrashbandicootsteamunlocked.US) U.S. IPO opens at $26 on its first daycrashbandicootsteamunlocked, once rose 39.62% to US$29.32, and its market value once rose to US$7.15 billion. The IPO of Gekrypton is priced at US$21/ADS.
As a luxury smart pure electric brand under Geely Holding Group, Gekrypton has set a new record for the fastest listing in the history of a new energy vehicle company. It was only 37 months from the brand launch on April 15, 2021 to the successful IPO.
In 2023, Gekrypton will achieve operating income of 51.7 billion yuan, and the gross profit margin of the vehicle will reach 15%. As of the end of April 2024, more than 240,000 vehicles have been delivered. From January to April this year, Gekrypton achieved more than doubled growth, a year-on-year increase of 111%, and continued to rank among the sales volume of more than 200,000 Chinese pure electric brands.
As the most globally valuable theme of China's new energy (600617), the successful listing of Gekrypton in the United States will help the capital market reassess the global value of China's new energy vehicles.