ZKH News

The December IPO market saw some activity this past week as two smaller issuers completed offerings, only one of which was large enough to include in our stats. One blank check company also priced, and the pipeline got one sizable addition. China-based ZKH Group (ZKH) priced at the low end to raise $62 million at a $2.6 billion market cap. The company provides...read more

ZKH Group, a Chinese B2B procurement platform for industrial supplies, raised $62 million by offering 4 million ADSs at $15.50, the low end of the range of $15.50 to $17.50. Existing shareholders had indicated on $15 million worth of ADSs in the offering (24% of the deal). The IPO float is just 2.5% of basic shares outstanding, or 1.9% after insider indications.  ZKH Group...read more

Updated Monday, 12/11. One foreign issuer is currently scheduled to price a US IPO in the week ahead, though some small deals may join the calendar late. China-based ZKH Group (ZKH) plans to raise $66 million at a $2.8 billion market cap. The company provides MRO (materials for maintenance, repair, and operations) procurement services through two...read more

ZKH Group, a Chinese B2B procurement platform for industrial supplies, announced terms for its IPO on Friday. The Shanghai, China-based company plans to raise $66 million by offering 4 million ADSs at a price range of $15.50 to $17.50. Existing shareholders intend to purchase $15 million worth of ADSs in the offering (23% of the deal). At the midpoint of the proposed range, ZKH...read more