Zero-running cars officially landed on the Hong Kong Stock Exchange: the opening price fell more than 14% on the first day, with a market capitalization of about HK $37.8 billion

On the morning of September 29, Beijing time, Zero was officially listed in Hong Kong today, with an opening price of HK $41 per share on its first day of trading, down more than 14% from its offering price of HK $48. Based on this calculation, the current market value of zero-running cars is about 37.8 billion Hong Kong dollars.

On March 17, Zero submitted its listing application to the Hong Kong Stock Exchange, with China International Capital Corporation, Citigroup, JPMorgan Chase and Jianyin International as co-sponsors. According to the prospectus, from 2019 to 2021, the total income of zero-running cars was about 117 million yuan, 631 million yuan and 3.132 billion yuan respectively, and the operating losses were about 730 million yuan, 869 million yuan and 2.868 billion yuan respectively.

Shareholding:

Zhu Jiangming holds 9.15% shares

Wan Zai Mingzhao holds 1.07% shares.

Hangzhou Xintu holds 0.4% shares.

Ningbo Jinghang holds 1.27%.

Fu Liquan holds 9.01% of shares.

Ningbo Huacheng holds 2.37% of shares.

Ningbo Gu Lin holds 2.15% shares.

Ningbo Huaya holds 5.59% of the shares.

68.99% of the shares held by 51 other shareholders