dreamvegascasino|极氪赴美IPO 估值低于A轮？

Special topic: polar Krypton is about to land in US stocks in 2023 gross profit margin is second only to Tesla

The following article is from CareerIn, author CareerIn investment bank PEVC

Geely Motor Group's high-end electric car brand Zeekr has announced the resumption of its listing on the New York Stock Exchange (NYSE), which aims to attract capital through an initial public offering (IPO). It is reported that polar krypton's IPO funding target has been adjusted from more than $1 billion to a maximum of $500m. Polar krypton was suspended at the end of 2022 because of bad mood in the US stock market.DreamvegascasinoThere are plans to go public.

The product lineup of polar krypton includes polar krypton 001, polar krypton 001FR, polar krypton 009 and polar krypton X, which cover many segments of the electric vehicle market. At the beginning of the year, the company set a target of delivering 230000 vehicles in 2024, double the number delivered in 2023.

According to the prospectus, polar krypton has grown significantly since its inception. By the end of 2023, Polar Krypton had delivered a total of 196633 electric vehicles, with an annual delivery of 118685. The company's sales revenue also increased from 6.5 billion yuan in 2021 to 51.7 billion yuan in 2023. Nevertheless, the company's net loss widened from 4.5 billion yuan in 2021 to 8.3 billion yuan in 2023. The goal of extreme krypton this year is to turn losses into profits. If realized, polar krypton will become the fastest break-even new car-building force.

In 2023, polar krypton achieved a gross profit margin of 15%, second only to industry leader Tesla among high-end pure electric car manufacturers. Delivery of polar krypton cars is more than 1 in AprilDreamvegascasino.60,000 vehicles, a year-on-year growth rate of 99%, setting a new sales record for the company. In the first four months of 2024, sales of polar krypton more than doubled by 111% compared with the same period last year, consolidating its leading position in China's pure electric vehicle market of more than 200000 yuan.

In preparation for the IPO, Polar Krypton received $750 million in round A financing from investors, including Mobileye CEO Amnon Shashua and Ningde Times, in February 2023, valuing the company at $13 billion.

It is worth noting that polar krypton is valued at about $5.12 billion in this IPO, which falls short of previous expectations. At present, the emerging manufacturers of the new energy vehicle industry have experienced the cooling of the capital market boom, and the market mood is noticeably cautious compared with the high valuations in 2021. Over the past two years, the share prices of some new energy carmakers, including NIO and Xpeng, have fallen by an average of about 80 per cent from their peak in 2021.

Polar Krypton, as a global automotive technology company that has shown strong growth potential only three years after its establishment, is expected to become the fastest new energy car company in history to achieve IPO.