According to reports, the artificial intelligence company DeepSeek has commenced preparations for a listing on the mainland stock exchange. The company could file its application as early as this year, with a target to go public in 2027. It is currently in discussions with accounting firms and banking advisors.
Simultaneously, reports indicate that following the completion of a $7 billion financing round, DeepSeek has begun planning to raise additional capital through the private market before its initial public offering. The company has reportedly started talks with new investors for a fresh funding round, targeting a pre-money valuation of at least 480 billion yuan (approximately $71 billion). This represents an increase of about 37% compared to its valuation from the first funding round.
Citing sources, the reports state that DeepSeek aims to raise a minimum of an additional 10 billion yuan, though the final amount could potentially be several times larger depending on investor participation.
In early June, it was revealed that DeepSeek had completed a financing round exceeding 50 billion yuan, setting a record for the largest first funding round for a Chinese technology startup. According to disclosures, DeepSeek's founder and CEO, Liang Wenfeng, was the largest contributor in this round, personally investing 20 billion yuan. Other major investors included Tencent with 10 billion yuan, Contemporary Amperex Technology Co. Limited (CATL) with 5 billion yuan, and JD.com, NetEase, and venture capital firm IDG Capital, each contributing 3 billion yuan.
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