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DeepSeek hires CITIC Securities for STAR Market IPO, aims to file this year
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Reuters reports that Chinese AI company DeepSeek has hired CITIC Securities to prepare for an initial public offering on Shanghai's STAR Market, with plans to submit its IPO application within the year and list in 2027. The proceeds from the IPO will fund computing infrastructure, model research and development, in-house chip design, and employee incentives. DeepSeek is also advancing a new financing round targeting a valuation of approximately 500 billion yuan (RMB). This follows its first external funding round completed in June, which raised about $7.4 billion and resulted in a post-money valuation exceeding $50 billion. The company reported revenue of approximately 475 million yuan for the first seven months of 2026. The article, drawing on Reuters and Financial Times reports, also notes irregularities in off-market share trading, providing a comprehensive view of DeepSeek's capitalization process.
Source report
Reuters reports that Chinese AI company DeepSeek has engaged CITIC Securities to prepare for a listing on Shanghai's STAR Market. The company aims to submit its IPO application this year and list next year.
Use of Proceeds
Funds raised from the IPO will be allocated to:
- Computing infrastructure
- Model research and development
- In-house chip design
- Talent incentives
Financing and Valuation
DeepSeek is currently advancing a new round of financing with a target valuation of approximately 500 billion yuan (RMB).
This follows the company's first external funding round, completed in June, which raised approximately $7.4 billion and brought the post-money valuation to over $50 billion.
Revenue
For the first seven months of 2026, DeepSeek reported revenue of approximately 475 million yuan.
This article draws on reports from Reuters and the Financial Times, covering DeepSeek’s IPO preparations, financing structure, and irregularities in off-market share trading, to provide a comprehensive overview of its capitalization process.
Source
aihotNeutral / independent
Part of this Story
DeepSeek hires CITIC Securities for Shanghai STAR Market IPO, targets 2027 listing