DeepSec prepares to file for an initial public offering in 2024
Deep Sea, the Chinese artificial intelligence company based in Hangzhou, plans to file for an initial public offering (IPO) on the main Chinese market in 2026, with the intention of starting trading in 2027. The company aims to raise additional funds prior to the listing, including a new funding round valued at over $71 billion, following a record-breaking round that previously raised $7 billion. They are seeking to increase their valuation to more than 480 billion yuan (approximately $71 billion). The company is in the process of finalizing its financial report in preparation for the application, with the possibility of delaying the process depending on market conditions.
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