Jikrypton Auto: Revenue in the first three quarters of this year exceeded 35.3 billion yuan, and the IPO size and issuance price have not yet been determined

JiKrypton secretly submitted an application for an IPO in the United States in December last year, hoping to raise more than US$1 billion. Geely announced on November 10 that Jikrypton officially submitted its IPO prospectus to the U.S. Securities and Exchange Commission

Last night, Geely issued a statement announcing that it had updated Jikrypton’s U.S. stock prospectus, but Jikrypton The size and issuance price range of the IPO have not yet been disclosed

According to data, in the nine months as of September 30, 2023, Jikrypton Group’s unaudited revenue was approximately 35.315 billion yuan, a year-on-year increase 91%; while the operating loss expanded to 5.23 billion yuan from 4.9 billion yuan in the same period last year

In addition, the updated prospectus also showed that Jikrypton’s revenue in the first half of this year reached 21.27 billion yuan, a year-on-year increase of 136%; Among them, vehicle sales revenue was 13.175 billion yuan, a year-on-year increase of 148.75%; vehicle gross profit margin reached 12.3%, a year-on-year increase of 7.6%.

#In February this year, JiKrypton successfully completed a US$750 million Series A financing, currently equivalent to approximately RMB 5.363 billion, with a post-money valuation of US$13 billion. Investors in this financing include Amnon Shashua, the founder and CEO of Mobileye Global, as well as CATL, Yuexiu Industrial Fund, Commerce Fund and Principal Intelligent Manufacturing Fund

Moreover, Jikrypton has officially entered Europe in June this year market, first sold in countries such as the Netherlands and Sweden. According to the plan, JiKrypton’s overseas market will expand to six countries next year, and will enter eight countries by 2025. Reuters predicts that if this listing is successful, this IPO will become Didi’s first It is the largest U.S. listing by a Chinese company since it raised $4.4 billion in 2021.

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