ZhiPu Faces 2.5x Surge in Tradeable Shares on July 8 Stock Unlock

According to BlockBeats, on June 23, Chinese AI leader ZhiPu (02513.HK) will unlock approximately 25.68 million shares from cornerstone investors on July 8, expanding tradeable shares from 17.35 million to 43.03 million—a 2.5x increase. The unlocked shares carry an estimated value of approximately 73.4 billion Hong Kong dollars at the June 22 high.

ZhiPu's June 22 closing market capitalization stood at approximately 137 billion U.S. dollars against 2025 full-year revenue of about 100 million U.S. dollars, translating to a price-to-sales multiple of 1,280x compared to OpenAI's 56x, according to Morgan Stanley and Financial Times data.