Hearing ZKH Group IPO Indicating $15.50-$16 Per American Depositary Share; IPO Priced At $15.50 Per American Depositary Share On 4M American Depositary Shares
Portfolio Pulse from Benzinga Newsdesk
ZKH Group's IPO is indicating an opening price range of $15.50 to $16 per American Depositary Share (ADS), with the IPO being priced at $15.50 per ADS on an offering of 4 million ADSs.
December 15, 2023 | 3:24 pm
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ZKH Group's IPO is priced at $15.50 per ADS, with early indications pointing to an opening price range of $15.50 to $16. The company is offering 4 million ADSs.
The IPO pricing at the lower end of the indicated range suggests a conservative valuation which may appeal to investors, potentially leading to a positive performance on the debut. The indication of a price range close to the IPO price shows a stable demand for the shares.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100