Market Chatter: DeepSeek Taps CITIC Securities for Potential STAR Market IPO

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Market Chatter: DeepSeek Taps CITIC Securities for Potential STAR Market IPO

MT Newswires Live09-09 15:34

DeepSeek has engaged CITIC Securities (SHA:600030, HKG:6030) to prepare for its initial public offering on the Shanghai Stock Exchange's STAR Market, Reuters reported Wednesday, citing insiders.

The Chinese AI startup plans to begin the IPO process this year, though timing, fundraising target and valuation remain undecided, sources told Reuters.

Filings from investors and sources showed that DeepSeek raised approximately $7.4 billion in June at a post-money valuation of more than $50 billion, the report said.

DeepSeek and CITIC did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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