The Chinese company DeepSeek, an artificial intelligence developer, expects to finalize the requirements for its initial public offering (IPO) before the end of 2026, with a valuation of $71 billion.

Preparations are well underway, according to Bloomberg, citing sources familiar with the process. “The company’s timeline anticipates officially registering the operation between the end of 2026 and the beginning of 2027, once it completes its audited financial statements. The goal is to debut on the Chinese market during 2027, although the timeline will depend on both stock market conditions and the performance of the business itself.”

As a preliminary step to its stock market listing, the company wants to strengthen its balance sheet with a new round of private funding. In this regard, “it is reportedly negotiating a capital increase with new investors, based on a preliminary valuation of at least 480 billion yuan, equivalent to approximately $71 billion.”

Initially, they hope to raise 10 billion yuan, although the final figure could be higher depending on the level of interest generated by the negotiations among potential investors.

DeepSeek, founded in 2023 and controlled by the investment fund Zhejiang High-Flyer Asset Management, has become one of the leading exponents of artificial intelligence development in China.

It has gained ground in the market after “presenting a model capable of competing with the most advanced platforms on the market using fewer computing resources.” Currently, the goal is “to significantly expand its computing capacity to train increasingly powerful models. The demand for data centers and computing power has become one of the main bottlenecks in the sector, forcing large artificial intelligence companies to accelerate their infrastructure investments.”

M.Pino

Source: tradingview

(Reference image source: Solen Feyissa on Unsplash)

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