DeepSeek Kicks Off IPO Preparations: Targeting Valuation of 480 Billion Yuan, Filing Possible Within This Year
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Chinese artificial intelligence company DeepSeek has officially kicked off preparations for its initial public offering (IPO) and could file its application as early as this year. The Hangzhou-based startup, founded just over three years ago, is seeking a new funding round at a pre-money valuation of at least 480 billion yuan (approximately $70.9 billion) following a record-breaking private placement, marking a valuation ascent that is exceptionally rare in the global AI industry. According to a Bloomberg report on July 14, people familiar with the matter said DeepSeek is working closely with accounting firms to complete its financial reports by the end of December, a necessary step before submitting an IPO application. The company plans to formally file for listing by year-end or early 2027. Concurrently, DeepSeek is in discussions with banking advisors to advance various IPO preparations. The report noted that there is currently no definitive information on DeepSeek's listing venue, though the market widely expects it to choose either mainland China or Hong Kong. Notably, a report carried by Yahoo Finance indicated the company is planning an IPO in mainland China, targeting a 2026 filing to achieve a listing in 2027. Valuation Surge: From $10 Billion to $71 Billion in Three Months The speed of DeepSeek's valuation climb is staggering. In April this year, when the company...
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