Zhipu AI, also known as Knowledge Atlas Technology JSC, has announced its intention to apply for a listing on the Shanghai Stock Exchange’s Sci-Tech Innovation Board. This move marks a significant step for the company, which is a prominent figure in China’s burgeoning artificial intelligence sector.
The company plans to issue A shares, each with a nominal value of 0.10 yuan, which will represent between 2% and 8% of its total share capital. This translates to approximately 9.1 million to 38.8 million shares. However, Zhipu AI has not disclosed the amount it aims to raise through this issuance.
Earlier this year, Zhipu AI successfully raised HK$4.35 billion (approximately $554.97 million) through an initial public offering in Hong Kong. Since its IPO, the company’s shares have seen a significant increase, rising more than tenfold from their initial price of HK$116 per share. As of the latest figures, Zhipu AI’s market capitalization stands at $83 billion.
This planned A-share listing is part of a broader trend among Chinese tech companies, which are capitalizing on the strong investor interest in AI-related stocks. The Chinese government has been actively encouraging tech listings, and the tech-focused STAR 50 Index has seen a 22% increase so far this year.
In related developments, other tech firms are also making strides in this area. Robotics firm Unitree recently received approval for an A-share IPO, aiming to raise 4.2 billion yuan with a target valuation of $7 billion. Additionally, Baidu’s AI chip unit, Kunlunxin, has begun preparations for a domestic listing after filing for a Hong Kong IPO earlier this year.
According to data from LSEG, proceeds from domestic IPOs in China have reached $6.7 billion as of May 22, marking a 76% increase from the same period in 2025. Major offerings from chip giants like ChangXin Memory Technologies and Yangtze Memory Technologies are anticipated to further bolster the domestic capital markets this year.
Zhipu AI plans to issue its shares within 12 months of obtaining the necessary registration document from the China Securities Regulatory Commission. Following the issuance, the company will apply for listing and trading on the Sci-Tech Innovation Board. Additionally, Zhipu AI will change its English name to Z.AI Co to better align with its operational focus.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
