Zhipu AI Considers Hong Kong Secondary Offering to Raise Billions of Dollars, Stock Gains Trim

According to Bloomberg, citing sources, Zhipu AI (2513.HK) is considering a secondary offering in Hong Kong to raise billions of dollars, with the earliest launch potentially next month. The company is in discussions with advisors regarding a potential share placement. The stock surged as much as 16% earlier today before trimming gains, last trading at HK$2,210, up 1.8%. Zhipu AI's six-month lockup period following its January IPO expires on July 8, after which insiders can begin selling. The company's share price has surged 20-fold since listing.
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