ChaoTeleWire has learned that Krypton Intelligent Technology Holdings Ltd. has publicly filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC). According to the prospectus, Krypton plans to list on the New York Stock Exchange under the ticker symbol "ZK".

 

 

 

The official introduction shows that Krypton was founded in March 2021, less than three years ago, is the fourth Chinese smart car technology company to go public in the U.S. after "Wei Xiaoli", and may also become the "fastest IPO in history" of the new car-making forces.

 

 

 

The latest prospectus shows that the first three quarters of Krypton 2023 operating income of 35.315 billion yuan, an increase of 91.22%. Among them, the revenue from vehicle sales was 23.319 billion yuan, accounting for about 66% of the company's overall revenue.

 

 

 

Compared to most automotive companies that rely on sales revenue from selling cars, Pole Krypton's revenue is more diversified. The prospectus shows that the revenue composition of Extreme Krypton mainly comes from vehicle sales, three electric business, research and development and other services. From 2021 to the first three quarters of 2023, Extreme Krypton's revenues other than whole vehicles increased from 4.983 billion yuan to 11.996 billion yuan.

 

 

TideWire understands that a significant portion of Extreme Krypton's revenue comes from intellectual property revenue from the SEA Vast Architecture shared with other OEMs. Automotive companies that have already adopted this OEM architecture platform include Smart, Volvo, Geely Galaxy, and Geely and Baidu's Jiyue.

 

 

 

Counting the company's financing path, as early as August 27, 2021, the pole Krypton that is with Intel Capital, Ningde Times, Beili Beili, Hongshang Group and Boyu Investment and other five eco-partners, officially signed a strategic investment agreement. The financing is led by Intel Capital, the five ecological partners' investment totaled 500 million U.S. dollars, and the company's valuation was 9 billion U.S. dollars after the round of financing.

 

 

 

Financing information shows that Extreme Krypton's A-round investment was made by Amnon Shashua, Ningde Times, Yuexiu Industrial Fund, Tongshang Fund, and Quzhou Xin'an Intelligent Manufacturing Fund with the participation of five. From the background of the strategic investors, Krypton's shareholders can be described as luxurious, not only in addition to Yuexiu Industrial Fund, Tongshang Fund, Quzhou Xinan Zhizao Fund, these local state-owned funds, as well as the founder and CEO of Mobileye, an autonomous driving technology company, Amnon Shahshua.

 

 

Nowadays, the new energy automobile market competition is more and more intense, after the polar krypton impact IPO, will bring considerable cash flow to the enterprise, which will also help the enterprise better forward development.

 

 

 

As an important strategy for Geely's new energy vehicle segment, and by Li Shufu himself, it can be said that Geely has high hopes for Krypton. Now, if the IPO of Krypton goes well, it could become the eighth listed company under Li Shufu's banner.