Zhipu AI Denies Reports of Withdrawn A-Share Offering
Chinese AI firm Zhipu AI has refuted media reports claiming the company withdrew its planned A-share offering. The company stated the reports were untrue and contained intentional sensationalism.
Chinese AI firm Zhipu AI has today, Thursday, issued statements on the Hong Kong Stock Exchange refuting media reports that the company has withdrawn its planned offering of A-shares on the Chinese market.
The company clarified that the reports in question were factually incorrect and contained intentional sensationalism. Zhipu AI stated that the A-share offering plan was approved at the company's annual general meeting on June 22, 2025. According to official data from the China Securities Regulatory Commission (CSRC), the guidance work related to the A-share offering has already been completed.
Zhipu AI was listed on the Hong Kong Stock Exchange on January 8, 2026, becoming the first publicly listed large language model (LLM) company. It is considered one of China's prominent "six dragon" AI companies, alongside others like MiniMax and Baichuan Intelligent.
The company had previously announced its intention to also seek a listing on the mainland China A-share market, completing the necessary IPO guidance filings with the Beijing Administration Bureau of Securities in January 2025. The company indicated in its statement that further updates and progress regarding this matter will be announced in due course.