DeepSeek Begins IPO Preparations... Eyes 2027 Listing on Chinese Stock Market
Chinese artificial intelligence (AI) company DeepSeek has begun preparations for an initial public offering (IPO). The company is expected to submit a listing application to the mainland Chinese stock market as early as this year, with plans to go public in 2027.
On the 14th (local time), Bloomberg reported, citing sources, that DeepSeek is currently in discussions with listing advisors, including accounting firms and investment banks. According to the sources, DeepSeek is working with accounting firms to complete the financial reports required for a listing application within this year. Depending on when the financial documents are ready, DeepSeek plans to submit its listing application at the end of this year or in early 2027.
DeepSeek is considered one of the key players leading China’s global AI competition. Last year, the company surprised the industry by unveiling an AI model that achieved high performance and efficiency while requiring relatively few computing resources. Through this, DeepSeek demonstrated that, despite advanced U.S. semiconductor export restrictions, Chinese companies can still compete with leading firms in Silicon Valley.
DeepSeek is focusing its efforts on raising funds before its listing. Just a few weeks after completing a US$7 billion funding round, the company began recruiting new investors. DeepSeek is now planning to raise at least 10 billion yuan (approximately US$1.5 billion) in additional funding. In this round, the company aims for a pre-investment valuation of at least US$71 billion (about 106 trillion won). During its first external investment round in early June, DeepSeek was valued at about US$50 billion. Investors in that round included Tencent and CATL.
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DeepSeek has stated that it will prioritize leading AI research over short-term profit generation. Founder Liang Wenfeng told investors that the company would continue developing open-source AI models while working toward achieving artificial general intelligence (AGI) in the long term.
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