PAL News

Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally part of Chinese auto giant Geely Auto, ZEEKR’s product portfolio includes two cross-over hatchback models, a luxury...read more

Proficient Auto Logistics, a roll-up of auto transportation and logistics services providers, raised $215 million by offering 14.3 million shares at $15, the midpoint of the range of $14 to $16. An insider had indicated on $3 million worth of shares in the offering (1% of the deal). Formed in connection with the IPO through the combination of five operating companies,...read more

Six listings are currently scheduled for the week ahead, three of which plan to raise over $100 million. Chinese premium EV brand ZEEKR (ZK) plans to raise $341 million at a $4.8 billion market cap. The company was originally part of Chinese auto giant Geely Auto, but was restructured as a separate company in 2021. Its current product portfolio includes two cross...read more

Proficient Auto Logistics, a roll-up of auto transportation and logistics services providers, announced terms for its IPO on Monday. The Jacksonville, FL-based company plans to raise $215 million by offering 14.3 million shares at a price range of $14 to $16. Insiders intend to purchase $3 million worth of shares in the offering (1% of the deal). At the midpoint of the proposed...read more