DeepSeek Prepares for IPO, Targets 480 Billion Yuan Valuation
Chinese AI firm DeepSeek is planning a mainland China IPO, aiming to submit its application by year-end and list by 2027. The company seeks to raise at least 10 billion yuan in pre-IPO funding at a valuation of no less than 480 billion yuan.
Chinese artificial intelligence company DeepSeek has initiated preparations for an initial public offering (IPO) on mainland China, with plans to submit its application as early as this year and complete the listing by 2027, according to sources familiar with the matter cited by Bloomberg.
The company, formally known as DeepSeek Artificial Intelligence Co., Ltd., is currently collaborating with accounting firms and investment banking advisors to complete its financial reports—a prerequisite for filing IPO documentation. Sources indicated that DeepSeek aims to finalize these financial statements by December to meet regulatory requirements.
In advance of the public listing, DeepSeek is seeking to raise at least 10 billion yuan ($1.4 billion) in a pre-IPO private funding round, targeting a pre-money valuation of no less than 480 billion yuan ($66 billion). The company has already entered discussions with potential investors, though the final fundraising size could expand several-fold depending on investor participation.
The timeline suggests DeepSeek could submit its formal IPO application by late 2026 or early 2027, contingent upon the timely completion of its financial audits. However, sources cautioned that these plans remain under active discussion and are subject to modification based on prevailing market conditions and the company's operational performance.
DeepSeek has emerged as a prominent player in China's competitive AI landscape. A successful listing would mark one of the largest public debuts for an AI company in the Chinese market. The decision to list domestically aligns with a broader trend of Chinese technology companies opting for mainland exchanges, which have been actively courting high-growth innovative enterprises.
Note: The sources requested anonymity as the discussions are not yet public.