Zhipu Raises $4 Billion in Share Sale After 1,500% Hong Kong Rally
aiai-fundraisingbusinessstocks 3 posts · 3 accounts
Chinese AI firm Zhipu is selling 19.8 million shares to raise approximately $4 billion at $202 to $216 apiece.
The offering follows a nearly 1,500% surge in the company’s stock since its Hong Kong listing in January. Proceeds will fund ongoing artificial intelligence model development.
From the sources (3 posts)
@zephyr_z9That's a lot of money to support model development
@businessChinese AI model maker Zhipu is seeking to raise about $4 billion from a share sale after its stock soared almost 1,500% since a January listing in Hong Kong.
@techmemeFiling: Chinese AI model maker Z․ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (Bloomberg) (Visit Techmeme dot com for the link and full context!)