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BackDeepSeek and Moonshot AI Reportedly Planning IPOs
DeepSeek and Moonshot AI Reportedly Planning IPOs
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SCMP Economy35 minutes agoBusiness1 min readChina

DeepSeek and Moonshot AI Reportedly Planning IPOs

deepseekmoonshot aiipo

Quick Look

  • Hangzhou-based AI firm DeepSeek is reportedly preparing for an IPO on the Shanghai Star market, with Citic Securities as an underwriter.
  • Meanwhile, Moonshot AI is also seeking a pre-IPO financing round ahead of a potential multi-billion dollar public offering.

AI-generated summary

Why It Matters

DeepSeek is a Hangzhou-based firm currently seeking to list on the Star market. Moonshot is the developer of the Kimi K3 model series.

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Citic Securities was one of the four underwriters tapped by the Hangzhou-based firm, which aims to begin the IPO process this year to list on the Shanghai Stock Exchange’s Nasdaq-like Star market, the people said, asking not to be identified as the information was private.

DeepSeek and Citic Securities did not immediately respond to requests for comment outside normal business hours on Wednesday.

The progress towards an IPO comes as the company is moving to complete a pre-IPO round of financing that could value it at about 500 billion yuan (US$74 billion) before investment.

Moonshot, developer of the Kimi K3 model series, was also raising a final round of financing that could value it at around US$50 billion before the IPO, in which it aims to raise US$3 billion to US$5 billion, according to a report by Bloomberg, citing sources.

Open Questions

  • What is the exact timeline for the IPOs?
  • Will the pre-IPO financing targets be met?

Related Topics

deepseek
OrganizationsCitic SecuritiesDeepSeekShanghai Stock ExchangeMoonshot
PlacesHangzhouShanghai
Topicsmoonshot aiipocitic securitiesstar marketartificial intelligence
This article was originally published by SCMP Economy.

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