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Zhipu AI Seeks Shanghai Bourse Sci-Tech Board listing

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Knowledge Atlas Technology (HKG:2513), also known as Zhipu AI, proposed applying for a listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, according to a Monday Hong Kong bourse filing.

The company plans to issue between 9.1 million and 38.8 million new A shares, representing 2% to 8% of its enlarged share capital, subject to shareholder, regulatory, and exchange approvals.

Net proceeds are intended for artificial intelligence general-purpose foundational large language models, a large-model MaaS one-stop service platform, and working capital.

The projects have a total proposed investment of 15 billion yuan, according to the filing.

Knowledge Atlas also proposed changing its English name to Z.AI Co. to align with its operational needs.

Subject to approval and confirmation by the stock exchange, its English stock short name will also be changed, while its Chinese name will remain unchanged.

Zhipu debuted in Hong Kong in January, raising net proceeds of about HK$4.17 billion.

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