Chinese AI Firm DeepSeek Taps CITIC Securities for Domestic IPO
2 sources across 2 countries · Hong Kong · United Kingdom
Who reported this
- South China Morning Post
- Reuters
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Chinese artificial intelligence firm DeepSeek has tapped underwriters, including CITIC Securities, for an initial public offering. The Hangzhou based company aims to begin the IPO process this year to list on the Shanghai Stock Exchange's Star market, which is described as being similar to the Nasdaq. DeepSeek and CITIC Securities did not immediately respond to requests for comment. The move toward an IPO occurs as the company works to complete a pre IPO financing round that could value the firm at approximately 500 billion yuan, or 74 billion US dollars, before investment.
How each side framed it
- Centre
- The reporting focused on the exclusive nature of the IPO announcement and the involvement of CITIC Securities.
- Centre-right
- The reporting provided additional context regarding the specific stock market target and the company's estimated valuation.
Sources
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