DeepSeek Reportedly Preparing Mainland China IPO
智东西 · wechat · 2026-07-15
According to Bloomberg and other sources, DeepSeek is preparing for an IPO and plans to list on the mainland. Applications could be filed as early as this year, with the listing targeted for 2027.
Key Information
- The company is working with accounting firms to complete the necessary financial reports for the IPO by the end of December this year.
- Plans to raise at least 10 billion RMB in the private market, though the actual amount could be higher.
- The Financial Times reports a pre-money valuation of roughly $71 billion for this new funding round, marking a 37% increase from the initial valuation.
- Previous rumors suggested a funding round exceeding 50 billion RMB was completed in June.
Reports also mention that DeepSeek's management emphasized to investors that the company will prioritize breakthrough AI research and continue advancing open-source models and AGI goals. The intensive fundraising is primarily aimed at accelerating the expansion of computing infrastructure.
More from Venture
- Anthropic S-1 reveals Dario can handpick a board majority forever via founder control — cocktailpeanut · 2026-10-27
- Anthropic files S-1 with SEC, kicking off its long-awaited IPO as a public benefit corporation — matt_slotnick · 2026-10-27
- Unitard Index tracks 440 fallen unicorns with over $1.4 trillion in lost valuation — AccBalanced · 2026-10-27
- a16z's Martin Casado: Anthropic S-1 shows we're at 'peak schadenfreude' — ignore the FUD — AccBalanced · 2026-10-27
- Anthropic S-1: CSP marketplace revenue jumped from 11% to 48% in three years — AccBalanced · 2026-10-27
- Indie Dev Builds Open-Source Social Scheduler, Cutting $99/Month to Under $1 — fekdaoui · 2026-10-27