CoinScoopDeepSeek Hires CITIC Securities to Prepare for STAR Market IPO
DeepSeek, a Hangzhou-based AI startup, has engaged CITIC Securities (中信证券) to prepare for an initial public offering on the Shanghai Stock Exchange's STAR Market. The company plans to initiate the IPO process this year, though details regarding the timeline, fundraising scale, and valuation remain undetermined. DeepSeek is currently undergoing a funding round with a valuation of 500 billion yuan (approximately $75 billion).
Summaries are written by AI from the original article. Not investment advice.