It is rumored that DeepSeek has begun preparations for an A-share IPO and will conduct a new round of financing before listing

The Zhitong Finance App learned that, according to reports, DeepSeek has begun preparations for listing in the mainland. It is possible to submit an application as soon as this year, with the goal of listing in 2027. Currently, the company is in negotiations with accountants and bank advisors. Meanwhile, according to reports, after completing the $7 billion financing round, DeepSeek began planning to continue to raise more capital through the private equity market before the IPO. At present, DeepSeek has begun negotiations with new investors for a new round of financing. The target pre-investment valuation is at least RMB 480 billion (about US$71 billion), an increase of about 37% over its initial round of financing. The report quoted sources as saying that DeepSeek aims to raise at least another 10 billion yuan, but the final amount may increase several times depending on the number of investors.

At the beginning of June, it was revealed that DeepSeek had completed a round of financing of over 50 billion yuan, setting a record for the first round of financing for Chinese tech startups. According to reports, DeepSeek founder and CEO Liang Wenfeng is the largest investor in this round. He personally invested 20 billion yuan, Tencent invested 10 billion yuan, Ningde Times invested 5 billion yuan, and JD, NetEase, and venture capital firm IDG Capital each invested 3 billion yuan.