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Market Chatter: DeepSeek Begins IPO Preparations, Eyes 2027 Listing

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Chinese artificial intelligence startup DeepSeek is laying the groundwork for an initial public offering in 2027, Bloomberg News reported, citing people familiar with the matter.

The Hangzhou-based company is targeting a mainland China listing and aims to submit its listing application as early as this year, according to the report.

It has also reportedly begun discussions with investment banks and accounting firms to prepare for the offering.

Separately, DeepSeek is looking to secure additional private capital shortly after completing a record $7 billion fundraising. The company is in discussions with prospective investors for a new funding round targeting a pre-money valuation of at least 480 billion yuan, according to the report.

(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.)

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