NEW YORK, May 9 Reuters Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering IPO at the top of its indicated range, raising 441 million, it said on Friday.

Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American Depositary Shares ADSs at 21 per share. It had earlier planned to sell 17.5 million ADSs.

The IPO gives Zeekr a fully diluted valuation, which includes securities such as options and restricted stock units, of 5.5 billion. On a nondiluted basis, the IPO values the company at about 5.1 billion.

The company closed orders from investors a day earlier in the bookbuilding process because of strong demand, Reuters reported on Tuesday.

Three strategic investors accounted for 300 million worth of stock sold in the IPO, with Zeekr39;s parent company Geely Automobile taking 271 million in shares, according to a person familiar with the deal. Contemporary Amperex Technology CATL took 19.1 million and Mobileye Global 10 million, the person added.

Geely had originally said it would take up to 320 million, in the IPO, a term sheet from the deal39;s launch showed.

Reuters had exclusively reported the pricing of the IPO earlier on Thursday.

Even after the Zeekr deal was upsized, the value of shares sold to investors outside those strategic buyers was small compared to previous large China listings in New York.

Geely, CATL and Mobileye did not immediately respond to a request…