Zeekr Shares Rally on Geely's Privatization Offer

In a surprising turn of events, Zeekr Intelligent Technology Holding Limited saw its shares surge over 10% in premarket trading. This leap comes after its parent company, Geely Automobile Holdings Ltd., made a non-binding offer to take Zeekr private.

The Offer Details

Geely's proposal includes acquiring all issued and outstanding Zeekr shares for $2.57 per share and American Depositary Shares (ADS) for $25.66 per share. This strategic move has sparked significant interest among investors and market analysts alike.

Market Reaction

Following the announcement, Zeekr's stock price jumped to $24.87 per share at 4:53 am ET, marking a 10.09% increase. This development highlights the growing confidence in Zeekr's future under Geely's umbrella.