DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise
DeepSeek is getting ready to go public. The Chinese AI lab has started laying the groundwork for an initial public offering, according to Bloomberg. It could file as soon as this year, with a debut targeted for 2027. First, though, it wants to raise more in private.
The Hangzhou lab closed its first-ever outside round only weeks ago. That raise took in about $7bn and valued it at roughly $50bn. Now it is talking to new backers about a fresh round. The pre-money valuation on the table is at least 480bn yuan, or about $71bn.
Bloomberg says DeepSeek is seeking at least 10bn yuan, around $1.5bn. The final figure could run several times higher, depending on how many investors sign on. The Financial Times first reported the new fundraising. The Information puts the target higher still, at a second round of roughly $7.4bn.
A sevenfold repricing in three months
...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
