Zeekr Shares Jump on Geely's Privatization Offer

In a surprising move that has caught the attention of investors worldwide, Zeekr Intelligent Technology Holding Limited saw its shares surge over 10% in premarket trading. This significant uptick comes on the heels of a non-binding offer letter from its parent company, Geely Automobile Holdings Ltd., proposing to take Zeekr private.

The offer outlines plans to acquire all issued and outstanding Zeekr shares at $2.57 per share, with American Depositary Shares (ADS) being valued at $25.66 per share. By 4:53 am ET, Zeekr's stock price had climbed to $24.87 per share, marking a 10.09% increase.

This development signals a potentially transformative phase for Zeekr, as Geely's proposal could redefine its strategic direction and market positioning.