Wednesday, September 9, 2026
DeepSeek taps CITIC for Shanghai STAR Market IPO
Reuters reported on September 9, 2026 that DeepSeek has tapped CITIC Securities to prepare a listing on Shanghai's STAR Market and aims to start the IPO process this year, though deal size and timetable are not set. South China Morning Post said CITIC is one of four underwriters. The talks come as DeepSeek works through a follow-on round that Reuters has said would value the company at about 500 billion yuan, or roughly $75 billion.
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