JiKrypton was listed on the New York Stock Exchange in the United States, setting a new record for the fastest listing in the history of new energy vehicle companies

Jikrypton Intelligent Technology Holdings Co., Ltd. (hereinafter referred to as "Jikrypton") was officially listed on the New York Stock Exchange in the United States on May 10, local time, with the stock code "ZK".

Due to over-subscription, Ji Krypton expanded its IPO scale and issued a total of 21 million American depositary shares (ADS, each ADS corresponds to 10 ordinary shares) at a price of US$21 per share, raising approximately US$441 million. If the underwriters exercise their over-allotment option, the issuance size will be further expanded to 24.15 million ADS shares, raising approximately US$507 million.

It is reported that Ji Krypton has set a new record for the fastest listing in the history of new energy vehicle companies. It only took 37 months from the brand launch on April 15, 2021 to the successful IPO. In 2023, Jikrypton 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, a total of more than 240,000 vehicles have been delivered. From January to April, Jikrypton more than doubled its growth, with a year-on-year increase of 111%, and continues to rank first among Chinese pure electric brands with sales of more than 200,000 units.

Industry insiders believe that as the most globally valuable Chinese new energy vehicle, Ji Krypton’s successful listing in the United States will help the capital market re-evaluate the global value of China’s new energy vehicles.

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