DeepSeek launches A-share IPO, having selected CITIC Securities as its sponsor and targeting the STAR Market.
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Beating AI News Flash: DeepSeek has approached CITIC Securities to prepare for an A-share IPO, targeting a listing on the Shanghai Stock Exchange’s STAR Market, and aims to kick off the listing process this year. Insiders said the two sides have already started relevant preparations, but the specific listing timeline, fundraising scale, and IPO valuation have not been finalized. Before listing on the A-share market, companies usually need to complete listing guidance from a securities firm before formally submitting an application. The involvement of CITIC Securities indicates that DeepSeek’s IPO has moved from market rumors to actual procedural steps. DeepSeek is also conducting a new round of private financing. Reuters previously reported that this round could value the company at around RMB 500 billion (approximately $75 billion); the Financial Times today cited a figure of about $71 billion. There are discrepancies between the two reports, and DeepSeek has not released an official valuation for the financing. DeepSeek just completed its first external financing round in June this year, raising around $7.4 billion, with a valuation exceeding $50 billion at that time. The new funds for this IPO push will mainly be used for computing power, model research and development, and talent recruitment.
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