Zhipu is reportedly considering issuing billions of dollars worth of stock in Hong Kong.

Media reports citing sources reveal that Chinese artificial intelligence model company Zhipu is considering a share offering in Hong Kong, with a financing scale potentially reaching billions of dollars. Since its listing in January, the company's stock price has surged by 2000%. Due to involvement with non-public information, sources requesting anonymity say that Zhipu is discussing potential share placement with advisors, which could happen as early as next month. The six-month lock-up period following Zhipu's IPO will expire on July 8. Sources say that the share sale negotiations are still ongoing and may not result in a deal. (Sina Finance)
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