DeepSeek kicks off preparations for STAR Market IPO, valued at $75 billion According to Reuters, DeepSeek has hired CITIC Securities to prepare for a listing on Shanghai's STAR Market, with plans to initiate the process within the year. The exact fundraising amount and timeline have yet to be determined. This preparation is progressing in tandem with the company’s ongoing funding round, which values it at $75 billion. In a previous funding round this June, the company raised approximately $7.4 billion, with a valuation exceeding $50 billion. Founder Liang Wenfeng personally invested 20 billion yuan, while Tencent and CATL contributed 10 billion yuan and 5 billion yuan, respectively. Sources say Liang Wenfeng hopes the IPO fundraising will help the company offer more competitive compensation to retain talent—DeepSeek has recently seen talent losses to competitors like ByteDance and Xiaomi.