DeepSeek has begun planning for an initial public offering in mainland China and could submit an application as early as this year, according to Bloomberg. The company is targeting a listing in 2027 and is working with accounting firms to complete its financial statements before December, laying the groundwork for the filing process. At the same time, DeepSeek has reopened private fundraising after its previous round valued at about $7 billion. The new round is reportedly being marketed at a valuation of at least 480 billion yuan, or about $71 billion, with a fundraising target of no less than 10 billion yuan. The final amount could increase by several times depending on investor participation. Existing shareholders include Tencent, CATL and the National AI Industry Investment Fund. Founder Liang Wenfeng said the company will prioritize frontier AI research and open-source models while pursuing the long-term goal of artificial general intelligence.
DeepSeek has started planning for an initial public offering in mainland China and could file as early as this year, Bloomberg reported. The company is targeting a listing in 2027.
The report said DeepSeek is working with accounting firms and is aiming to complete its financial statements before December this year to prepare for the filing.
Private fundraising restarts
DeepSeek has also reopened private fundraising after a previous round valued the company at about $7 billion. According to the report, the new round is being launched at a valuation of at least 480 billion yuan, or about $71 billion, with a target to raise no less than 10 billion yuan. The final fundraising size could expand by several times depending on investor participation.
Shareholders and capital allocation
Existing shareholders include Tencent, CATL and the National AI Industry Investment Fund.
Founder Liang Wenfeng said the company will prioritize investment in frontier AI research and open-source models while pursuing the long-term goal of artificial general intelligence.
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