DeepSeek appoints CITIC Securities for Sci-Tech Board IPO, targeting filing in 2026

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DeepSeek has engaged CITIC Securities for a Sci-Tech Board IPO, targeting a 2026 filing and 2027 listing. The funds will support computing infrastructure, model R&D, chip development, and talent incentives. The company is also negotiating a new funding round with a target valuation of 50 billion yuan. In June, it raised $7.4 billion, achieving a post-money valuation exceeding $50 billion. Project funding progress shows early momentum, with 740 million yuan in revenue for the first seven months of 2026. New token listings remain a key focus for the broader crypto market.
ME AI news: According to Reuters, DeepSeek has engaged CITIC Securities to prepare for a listing on the STAR Market, aiming to submit its IPO application this year and list next year. The funds raised will be used for computing infrastructure, model development, in-house chip design, and talent incentives. The company is currently advancing a new funding round with a target valuation of approximately RMB 500 billion; it completed its first external funding round in June, raising about $7.4 billion and achieving a post-money valuation exceeding $50 billion. Revenue for the first seven months of 2026 amounted to approximately RMB 475 million. (Source: MLion)
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