SYDNEY (Reuters) – Chinese electric vehicle brand Zeekr has put its U.S. initial public offering (IPO) on hold due to a mismatch in valuation expectations, according to two sources with direct knowledge of the matter.
The decision was made as global financial markets remain volatile, a third source added.
The sources could not be named because they were discussing confidential information.
Zeekr did not immediately respond to a request for comment.
(Reporting by Julie Zhu in Hong Kong and Scott Murdoch in Sydney; Editing by Jamie Freed)
