DeepSeek lines up Shanghai IPO advisers

DeepSeek is preparing a Shanghai STAR Market IPO after tapping CITIC Securities, while a pre-IPO round could value it at roughly 500 billion yuan ($74 billion), according to South China Morning Post’s report. The report says the company aims to begin the process this year; adviser selection is not yet a filing or listing. For builders, it turns DeepSeek’s earlier outside funding into a capital-markets question: watch disclosures on governance, compute ownership, and revenue before treating domestic scale as a procurement signal.