ZKH Group Ltd

ZKH Group Ltd (ZKH) priced its initial public offering on Dec 15, 2023 at $15.50 per ADS, raising $62M, and listed on NYSE. At the IPO price its market capitalization was about $2.49B. Deutsche Bank was lead-left underwriter, joined by CICC. Skadden, Arps, Maples and Calder and Han Kun advised the company and Kirkland & Ellis and Commerce & Finance advised the underwriters.

ZKH Group Ltd operates an MRO procurement service platform in China, providing one-stop MRO procurement and management services to customers. It also offers digital and fulfillment solutions for participants along the industry value chain.

Status

IPO

Ticker

ZKH

Exchange

NYSE

Priced

Dec 15, 2023

IPO price

$15.50 per ADS

Raised

$62M

Market cap at IPO price

$2.49B

First filed

Mar 7, 2023

Underwriters

Deutsche Bank and CICC

Company counsel

Skadden, Arps, Maples and Calder and Han Kun

Underwriters' counsel

Kirkland & Ellis and Commerce & Finance

Sector

Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.