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Market Chatter: Deepseek Eyes 50 Billion Yuan in New Fundraising Round Ahead of IPO

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Deepseek is looking to raise up to 50 billion yuan in a fundraising round valuing the company at 500 billion yuan, Reuters reported Wednesday, citing people with knowledge of the matter.

The move comes ahead of an IPO by the AI company in the Chinese Mainland, according to the report.

The company has reportedly started laying the groundwork for a 2027 IPO, according to previous reports.

Deepseek did not immediately respond to' request for a 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.)

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