On October 22, 2026, PYMNTS, citing The Wall Street Journal, reported that Chinese AI company DeepSeek was accelerating preparations for a possible Shanghai IPO, with early 2027 described as a potential listing window. The report also said DeepSeek had hired CITIC Securities as an adviser.
What has been reported about the preparations
The October account also said DeepSeek recruited Yan Wentao as chief financial officer in September. A separate report published by Reuters on September 9, 2026, said DeepSeek had tapped CITIC Securities to prepare for a possible listing on the Shanghai Stock Exchange’s technology-focused STAR Market, citing two people familiar with the matter.
An IPO is a public offering of a company’s shares. The reports describe preparations for a possible offering on the STAR Market, rather than a completed public share sale.
The reported financing and valuation figures
The October report also put DeepSeek’s private financing at about ¥100 billion ($15 billion). It placed the company’s pre-round valuation at about $74 billion; a GuruFocus account republished by TradingView put it at around ¥500 billion. For background on the financing, see NeoTeo’s earlier coverage of DeepSeek’s reported $15 billion round.
The rounded valuation figures are arithmetically compatible: $74 billion divided by ¥500 billion is about $0.148 per yuan. The reported financing pair, $15 billion divided by ¥100 billion, implies about $0.15 per yuan. These are private-company valuation estimates, not per-share prices.
