ZKH Group Pre-IPO - If Only Its Growth Was Sustainable
ZKH Group (ZKH US) is looking to raise about US$300m in its upcoming US IPO. ZKH Group is a leading maintenance repair and operations (MRO) procurement service platform in China, according to CIC.
ZKH has refiled its prospectus on 27th Nov 23 and downsized the deal from a reported US$300m in Mar 23 to US$100-150m in Nov 23. We have looked at the deal earlier based on their Mar 23 filing in this note.
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