AI Startup DeepSeek Hires CITIC Securities for Shanghai IPO
Chinese artificial intelligence company DeepSeek has reportedly engaged CITIC Securities to prepare for an initial public offering on Shanghai's STAR Market. The company aims to initiate the IPO process this year.
Artificial intelligence company DeepSeek has reportedly selected CITIC Securities as its advisor for a planned initial public offering (IPO) on Shanghai's science and technology-focused STAR Market. Citing sources familiar with the matter, Reuters reported on Wednesday that the Hangzhou-based firm intends to begin the IPO process within the current year.
Chinese companies aiming for a listing on the mainland stock market typically engage a securities firm to provide pre-listing guidance. This process is a standard step before formally filing for an IPO.
Details regarding the potential timing of the offering, the amount of capital the company seeks to raise, and its target valuation remain undecided. Neither DeepSeek nor CITIC Securities provided immediate comment when approached by Reuters for this report.
The move by DeepSeek signals continued interest from technology firms in accessing public markets in China, particularly the STAR Market, which was established to support the growth of innovative companies.