Zhipu AI is considering a Hong Kong share sale that could raise several billion US dollars as soon as next month, according to people familiar with the matter.

The discussions are ongoing and may not lead to a deal.

The timing would come after the stock surged about 2,000% since its January initial public offering, and after a six-month lock-up expires on July 8.

The company raised US$558 million in its initial public offering at HK$116.2 (US$15) per share.

Its stock reached HK$2,980 (US$380) this week, giving Zhipu a market value above HK$1 trillion (US$127 billion).

The possible share sale comes amid a broader Chinese AI stock rally, helped by measures announced on June 18 to expand AI adoption and ease listing requirements.

🔗 Source: Bloomberg

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