{
  "id": 6420509,
  "title": "Chinese AI firm DeepSeek taps underwriters including Citic Securities for IPO: sources",
  "url": "https://urgent.news/2026/09/09/chinese-ai-firm-deepseek-taps-underwriters-including-citic-securities-6420509",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-09T12:34:42.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/tech-trends/article/3366948/chinese-ai-firm-deepseek-taps-underwriters-including-citic-securities-ipo-sources"
  },
  "original_language": "en",
  "account": "Chinese AI startup DeepSeek is set to go public with the help of underwriters such as Citic Securities, according to two sources familiar with the matter. The Hangzhou-based company plans to begin its IPO process this year, listing its shares on Shanghai Stock Exchange's Star market. The firm is moving forward with a pre-IPO financing round, which could potentially value it at approximately 500 billion yuan (US$74 billion) before the investment. DeepSeek is also competing with Beijing-based Moonshot AI, which recently filed for a Hong Kong IPO, with the aim of raising between US$3 billion and US$5 billion. Both DeepSeek and Moonshot AI are following the lead of Z.ai and MiniMax, who went public in Hong Kong earlier this year, becoming the first pure-play AI model developers to do so. The two Chinese companies, along with their US counterparts OpenAI and Anthropic, are valued at over US$1 trillion and US$2 trillion, respectively, and have recently undergone significant hiring and infrastructure expansion to accommodate growing user demand.",
  "summary": "Chinese frontier artificial intelligence lab DeepSeek has hired underwriters including Citic Securities in preparation for a domestic initial public offering (IPO), according to two people familiar with the matter. Citic Securities was one of the four underwriters tapped by the Hangzhou-based firm, which aims to begin the IPO process this year to list on the Shanghai Stock Exchange’s Nasdaq-like…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Economic Times Tech",
        "title": "China's DeepSeek taps CITIC Securities for domestic IPO",
        "url": "https://urgent.news/2026/09/09/chinas-deepseek-taps-citic-securities-for-domestic-ipo",
        "published": "2026-09-09T06:16:32.000Z"
      },
      {
        "outlet": "SCMP Business",
        "title": "Chinese AI firm DeepSeek taps underwriters including Citic Securities for IPO: sources",
        "url": "https://urgent.news/2026/09/09/chinese-ai-firm-deepseek-taps-underwriters-including-citic-securities",
        "published": "2026-09-09T12:34:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}