Key Points
- DeepSeek has started preparations for an IPO in the Chinese A-share stock market and plans to apply this year.
- The company completed a private funding round of 7 billion dollars at a record level a few weeks ago.
- The targeted pre-money valuation in the new funding round is at least 480 billion yuan.
- Companies such as Tencent and CATL participated in the first external funding round in June.
By the Numbers
Chinese artificial intelligence company DeepSeek has initiated its public offering process in the A-share stock market, according to a report by Bloomberg. It was stated that the company aims to complete its stock exchange application within this year and start trading in 2027. DeepSeek continues to hold discussions with accounting and investment bank advisors for the process.
According to the report, while the company continues its private funding round prior to the public offering, it raised 7 billion dollars in funding at a record level a few weeks ago. For the upcoming period, discussions have begun with new investors for a new funding round with a target pre-money valuation of at least 480 billion yuan. It was stated that the company plans to raise an additional minimum of 100 billion yuan in this new round.
This valuation is above the company's first external funding round, which it completed at the beginning of June with a valuation of approximately 50 billion dollars. Investors including companies such as Tencent Holdings and CATL participated in this initial round. DeepSeek's stock market move, as one of China's leading artificial intelligence ventures, is being closely monitored by the sector.
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Frequently Asked Questions
- On which stock exchange will DeepSeek go public?
- DeepSeek plans to go public on the A-share stock market (A-Share Market) in mainland China and aims to submit its application this year.
- How much funding was raised in the company's latest funding round?
- DeepSeek raised 7 billion dollars in funding in the private funding round it completed a few weeks ago prior to its public offering.
- Which companies participated in DeepSeek's first external funding round?
- Companies such as Tencent Holdings and CATL invested in the first external funding round completed at the beginning of June.
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