DeepSeek hires CITIC Securities for planned Shanghai IPO
Chinese AI firm DeepSeek has brought on CITIC Securities to help prepare its IPO on Shanghai’s STAR Market, according to multiple reports. The company aims to start the listing process this year, but no date or fundraising target is set yet. Both DeepSeek and CITIC declined to comment. The move signals DeepSeek's intent to raise fresh capital as competition heats up among Chinese and American AI startups.
- DeepSeek picked CITIC Securities to prep its IPO
- Listing will be on Shanghai's STAR Market
- IPO process expected to start this year
- No date, amount, or valuation set yet
Sources covering this
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