DeepSeek Prepares for Shanghai STAR Market IPO

Chinese artificial intelligence startup DeepSeek is reportedly preparing for an initial public offering on Shanghai's STAR Market, having appointed CITIC Securities to lead the process. The company aims to initiate the IPO process this year, according to people with knowledge of the matter. Sources familiar with the situation stated that DeepSeek has engaged CITIC Securities to prepare for a potential listing on the Shanghai Stock Exchange's technology-focused STAR Market. The Hangzhou-based firm intends to begin the IPO process in 2026. However, the specific timing of a potential offering, the amount DeepSeek might seek to raise, and its target valuation have not yet been determined, according to the sources. The move towards a public listing comes as DeepSeek is seeking fresh capital to fund its growing needs. The company is reportedly investing heavily in computing infrastructure, model development, and talent acquisition and retention amid intensifying competition among leading AI firms both in China and globally. This strategic push for public market access is seen as crucial in the fast-paced AI landscape.