# DeepSeek Taps CITIC Securities for Shanghai IPO at $74 Billion Valuation

*2026-09-11 06:01 UTC · AI · 1 min read*

> DeepSeek has hired CITIC Securities to prepare a Shanghai STAR Market listing, with a pre-IPO round reportedly valuing the AI lab at around $74 billion.

Chinese AI lab DeepSeek has selected CITIC Securities among four underwriters to prepare a listing on Shanghai's STAR Market, people familiar with the matter say. The Hangzhou-based company aims to begin the IPO process this year, with a debut potentially following in 2027.

A pre-IPO financing round now underway could value DeepSeek at roughly 500 billion yuan ($74 billion), up 48% from the $50 billion valuation it commanded in June. The exact amount DeepSeek plans to raise has not been finalized. The move follows rival Moonshot AI's confidential filing for a Hong Kong IPO at a reported $50 billion valuation.

DeepSeek rattled global markets in early 2025 when it showed a leading model could be trained far more cheaply than Silicon Valley rivals assumed. Analysts say the shift toward a public listing reflects a broader change in China's AI race: with model quality converging, competition increasingly hinges on which company can lock in enough permanent capital to fund years of compute-heavy training and retain engineering talent.

## Sources

- [scmp.com](https://www.scmp.com/tech/tech-trends/article/3366948/chinese-ai-firm-deepseek-taps-underwriters-including-citic-securities-ipo-sources)
- [datastudios.org](https://www.datastudios.org/post/deepseek-ipo-citic-securities-shanghai-star-market-75-billion-valuation)

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TechTools News · https://techtools.cz/tools/news/article/2352-deepseek-taps-citic-securities-for-shanghai-ipo-at-74-billion-valuation
Česká verze: https://techtools.cz/tools/news/clanek/2425-deepseek-najal-citic-securities-kvuli-ipo-v-sanghaji-oceneni-74-miliard-dolaru