DeepSeek Targets IPO by 2027, Could File as Early as This Year

DeepSeek is reportedly preparing for an IPO on mainland China, with plans to file as soon as the end of this year and a target listing in 2027, according to Bloomberg sources.

The AI startup has begun working with accounting firms and investment banking advisors, aiming to complete its financial reports by the end of December. The filing could also slip to early 2027.

Before going public, DeepSeek plans to raise at least 10 billion yuan (about $14 billion) in a new funding round. The pre-money valuation for that round is no lower than 480 billion yuan (roughly $71 billion), matching the same financing round reported yesterday by the Financial Times.

Plans are subject to change. DeepSeek…