Zeekr's Market Surge

In a surprising turn of events, Zeekr Intelligent Technology Holding Limited saw its shares jump over 10% in premarket trading. This surge came after its parent company, Geely Automobile Holdings Ltd., made a move to take the company private.

The Offer Details

Geely has submitted a non-binding offer letter to Zeekr, proposing to acquire all issued and outstanding shares. The offer stands at $2.57 per share for Zeekr shares and $25.66 per share for American Depositary Shares (ADS).

Market Reaction

By 4:53 am ET, Zeekr's shares had climbed to $24.87, marking a 10.09% increase. This significant uptick highlights the market's positive reception to Geely's privatization proposal.