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DeepSeek is preparing an IPO in Shanghai at a valuation of about $74.5 billion

Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .

The lab that became famous for cheap open models is going public — open SI is becoming big business.

According to the South China Morning Post, DeepSeek has hired four financial institutions, including CITIC Securities, for a listing on the STAR Market tech board. A pre-IPO round at a valuation of about 500 billion yuan is under way in parallel. In August the company resumed raising almost $8 billion and is planning a data center in Inner Mongolia of about 1 gigawatt.

Sources 1

silicon.co.uk
History

DeepSeek funding and IPO

4 events
  1. DeepSeek raises about $15 billion, one of the largest rounds in China's history; Bloomberg reports it closed two days after US agencies were ordered to remove its technology
  2. DeepSeek is raising $12 billion or more backed by Tencent and CATL, Moonshot AI prepares Hong Kong IPO
  3. DeepSeek's annual revenue hits $1 billion as the company wraps up a $7.5 billion round at a valuation of about $75 billion
  4. DeepSeek is preparing an IPO in Shanghai at a valuation of about $74.5 billionOpen now
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