Zhipu AI Considers Hong Kong Share Sale Raising Several Billion Dollars

According to Bloomberg, Zhipu AI is considering a Hong Kong share sale that could raise several billion dollars as soon as next month, according to people familiar with the matter. The timing follows a roughly 2,000% stock surge since the company's January IPO and precedes the expiration of its six-month lock-up period on July 8. Zhipu's stock reached HK$2,980 (US$380) this week, giving the company a market value exceeding HK$1 trillion (US$127 billion), up from its IPO price of HK$116.2 per share.

The potential share sale occurs as Chinese AI stocks rally amid broader policy support, with China announcing measures on June 18 to expand AI adoption and ease listing requirements.