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Global Economy · Thursday, September 10, 2026 · 2 sources

DeepSeek hires CITIC Securities for Shanghai STAR Market IPO

Chinese AI startup DeepSeek has appointed CITIC Securities to prepare for an IPO on Shanghai's STAR Market, per Reuters. The company, valued at €47.8 billion (US$51.9 billion) after its latest funding round, aims to begin the listing process this year.

Bottom line — DeepSeek's IPO push follows a €47.8 billion valuation and relaxed STAR Market profitability rules.

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  • DeepSeek's June 2026 funding round was its first external financing, raising over €6.8 billion (50 billion yuan), per Tech in Asia.
  • Before that, founder Liang Wenfeng funded the company through profits from hedge fund High-Flyer, Tech in Asia notes.
  • Shanghai's STAR Market removed its rigid profitability requirement for sci-tech growth tiers, allowing listings without profits, according to the Shanghai Stock Exchange.
  • A person close to DeepSeek told Tech in Asia the company had completed its latest financing round and started a second one.
  • The timing, amount to be raised, and target valuation for the IPO have not been decided, Reuters reports, citing sources.
  • Neither DeepSeek nor CITIC Securities immediately responded to requests for comment, per Reuters.

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Last generated: Sep 10, 7:27 AM UTC by wreetco wreetco

dstld. Your daily news summary designed to surface the news that matters from a European perspective. Curated by humans, summarized by AI - always with links back to the original reporting.

Links · Contact
Popular topics · WorldEuropeGamesAI
Last generated: Sep 10, 7:27 AM UTC by wreetco wreetco