Business & Finance
Zhipu Said to Weigh Multibillion-Dollar Share Sale in Hong Kong After 2,000% Gain
Key Points
Zhipu Said to Weigh Multibillion-Dollar Share Sale in Hong Kong After 2,000% Gain Chinese artificial-intelligence model maker Zhipu is considering a share sale to raise several billion US dollars in Hong Kong, people familiar with the matter said, after soaring 2,000% since its listing in January. Zhipu is working with advisers on a potential placement that may take place as soon as next month, the people said, asking not to be identified because the information is private. A six-month...
Zhipu Said to Weigh Multibillion-Dollar Share Sale in Hong Kong After 2,000% Gain
Chinese artificial-intelligence model maker Zhipu is considering a share sale to raise several billion US dollars in Hong Kong, people familiar with the matter said, after soaring 2,000% since its listing in January.
Zhipu is working with advisers on a potential placement that may take place as soon as next month, the people said, asking not to be identified because the information is private. A six-month lock-up from its IPO expires on July 8.