DeepSeek Taps CITIC Securities for Shanghai IPO

DeepSeek has hired CITIC Securities to prepare for a potential initial public offering on Shanghai’s STAR Market, Reuters reported on September 9, citing two people familiar with the matter. The reported appointment moves the Chinese AI company’s listing preparations into a more formal advisory phase, although the terms of any offering have not been set.

CITIC Securities joins DeepSeek’s reported STAR Market IPO preparations

Reuters, via Investing.com, reported, citing two people familiar with the matter, that DeepSeek hired CITIC Securities for a potential domestic IPO on Shanghai’s STAR Market; neither DeepSeek nor CITIC Securities had publicly confirmed the reported hiring. The South China Morning Post reported that CITIC Securities was one of four underwriters selected for the planned STAR Market listing, without identifying the other three or their roles. The Shanghai Stock Exchange describes the STAR Market as its technology-innovation board for Chinese companies, meaning the reported potential listing would be on a domestic exchange rather than an overseas venue.

… Continue reading the full article at the original source below.