When Will DeepSeek IPO? It Has Hired CITIC for a Shanghai Listing

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By Segmara Research · Published September 26, 2026

As of September 26, 2026, DeepSeek has not filed for a public listing on Shanghai's STAR Market or any other exchange. Reuters reported on September 9, 2026, citing people familiar with the matter, that the Chinese AI company has engaged CITIC Securities to prepare for a domestic IPO on the Shanghai Stock Exchange's STAR Market and could begin the listing process this year; the same day, the South China Morning Post corroborated the underwriter engagement and cited a pending funding round that would value DeepSeek at roughly $74 billion to $75 billion, or about 500 billion yuan. Separately, Reuters reported on September 14, 2026 that DeepSeek had hired its first chief financial officer, Yan Wentao, a former GL Ventures partner, ahead of a possible IPO. A domestic STAR Market listing falls under China Securities Regulatory Commission and Shanghai Stock Exchange rules, not the US Securities and Exchange Commission; SEC EDGAR only covers filings by companies listing in the United States, so no DeepSeek filing will appear there regardless of how the domestic process proceeds. No listing date, filing, or public disclosure document has been reported.

Segmara is an independent research site. Segmara does not sell, broker, or arrange share purchases. Nothing here is investment advice.

Key points

A reported plan, not a filing

Reuters reported on September 9, 2026, citing people familiar with the matter, that DeepSeek has engaged CITIC Securities to prepare for a domestic initial public offering on the Shanghai Stock Exchange's STAR Market, and that the listing process could begin this year. The South China Morning Post corroborated the underwriter engagement the same day.

Neither report describes a filed application, a confidential draft, or a statement from DeepSeek itself. It is sourced reporting about preparation, comparable to a company hiring banks ahead of a listing: a step that can precede an IPO by months or longer, and one that companies sometimes pause or abandon before any filing becomes public.

The valuation figure behind the story

The South China Morning Post's September 9, 2026 report tied the IPO preparation to a pending funding round that would value DeepSeek at roughly $74 billion to $75 billion, or about 500 billion yuan. As with the listing timeline, that valuation is attributed to unnamed sources rather than to DeepSeek or a closed, disclosed round.

A new CFO, and what a domestic listing means for SEC filings

Reuters reported separately on September 14, 2026 that DeepSeek had hired its first chief financial officer, Yan Wentao, a former GL Ventures partner, ahead of a possible IPO. Hiring a CFO with dealmaking experience is a common step for a company preparing to go public, though it is not itself a filing or a confirmed listing timeline.

Because the reported plan is a domestic listing on Shanghai's STAR Market, any filing would go through the Shanghai Stock Exchange under China Securities Regulatory Commission rules, not the US Securities and Exchange Commission. SEC EDGAR only indexes filings by companies listing in the United States, so it would not show a DeepSeek record even if the STAR Market process moves forward; readers tracking this should watch Chinese exchange disclosures and DeepSeek's own statements instead.

AI-ready data summary

A structured extraction layer for this article: catalogue numbers, price context, chart values, and route-specific facts that search and AI systems can read directly from the page.

Metric	Value	Context
Canonical route	/blog/when-will-deepseek-ipo	Stable URL path for AI and search extraction.
Article title	When Will DeepSeek IPO? It Has Hired CITIC for a Shanghai Listing	Main page topic.
Attached public sources	2	Number of citation links rendered at the bottom of the article.
Segmara listed companies	51	Live private-company listings in the public catalogue.
Priced listings	37	Catalogue listings with visible indicative or direct marks.
Listings without an indicative price	14	Catalogue listings where a public price is intentionally not invented.

Data fingerprint chart

Visible pricing coverage72%

37 of 51 listings show a mark

Stage	Timing	Price / valuation signal	Interpretation

Chart metric	Score	Interpretation
Visible pricing coverage	72 / 100	37 of 51 listings show a mark

Analytical lens

Search intent

Searches like 'When Will DeepSeek IPO? It Has Hired CITIC for a Shanghai Listing' are research questions: what a filing or a company statement confirms, what has only been reported, and what is still unknown.

What counts as a listing step

For an IPO, the primary record is a registration statement filed with the securities regulator of the listing market, such as an S-1 or F-1 on SEC EDGAR for a US listing. Funding rounds, valuations and secondary-market prices are context, not listing steps.

Segmara role

Segmara is an independent research site. It does not sell, broker, or arrange share purchases, and nothing on this page is investment advice.

How a company reaches a US listing

The SEC filing trail

DraftThe company can first submit a draft registration statement (DRS) for confidential SEC review.

S-1 or F-1The registration statement goes public on SEC EDGAR: Form S-1, or Form F-1 for many foreign companies. A company that used a draft must file publicly at least 15 days before its roadshow.

AmendmentsS-1/A or F-1/A amendments answer SEC comments, and one of them adds the expected price range.

PricingOnce the SEC declares the registration effective, the company sets the price with its underwriters and files the final prospectus, usually a 424B4.

First tradeThe shares start trading on the exchange named in the prospectus, such as Nasdaq or the NYSE.

Sources: SEC, March 3, 2025 · Investor.gov, October 14, 2022 · Regulation S-K Item 501 · SEC Form F-1.

DeepSeek and SEC EDGAR

DeepSeek is expected to list outside the US, so its listing documents will not appear on SEC EDGAR, which holds US filings only. Segmara Pro follows listings outside the US in its weekly IPO brief, posted in the members forum, not through EDGAR alerts.

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Key takeaways

Reuters reported on September 9, 2026, citing people familiar with the matter, that DeepSeek has engaged CITIC Securities to prepare a domestic IPO on Shanghai's STAR Market and could begin the listing process this year, a reported plan rather than a filed application.
The South China Morning Post corroborated the underwriter engagement the same day and cited a pending funding round that would value DeepSeek at roughly $74 billion to $75 billion, or about 500 billion yuan, based on unnamed sources rather than a company statement.
Reuters separately reported on September 14, 2026 that DeepSeek hired its first chief financial officer, Yan Wentao, a former GL Ventures partner, a step often taken ahead of a possible listing but not itself an IPO filing.

Risk notes

Rumor risk: unofficial dates, valuations, or funding details circulating on social media or forums are frequently wrong or outdated and should not be treated as confirmation of anything.
Illiquidity risk: any private-market interest, indicative marks, or pre-IPO share arrangements in a company that has not listed can be difficult to exit and may not reflect a tradable price.
Timing risk: a company can pause, restart, or abandon IPO preparation at any stage, including after a confidential or public filing, so no step before pricing guarantees a listing.

Public source links

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Questions

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Has DeepSeek confirmed an IPO date?

No. DeepSeek has not filed for a listing on any exchange, and no date has been set. Reuters reported on September 9, 2026, citing people familiar with the matter, that DeepSeek could begin the listing process on Shanghai's STAR Market this year, but that is a reported plan, not a company announcement or a filing.

What is DeepSeek reportedly worth?

The South China Morning Post reported on September 9, 2026 that a pending funding round would value DeepSeek at roughly $74 billion to $75 billion, or about 500 billion yuan, corroborating Reuters reporting the same day that DeepSeek had engaged CITIC Securities for a domestic IPO. Neither the round nor the valuation has been confirmed by DeepSeek itself.

Why would DeepSeek list in Shanghai instead of the US?

The reported plan, per Reuters on September 9, 2026, is for a domestic IPO on the Shanghai Stock Exchange's STAR Market, which lists companies on mainland China under China Securities Regulatory Commission rules. That process is separate from a US listing and would not involve the SEC; SEC EDGAR only covers companies filing to list in the United States, so it would show no DeepSeek record even if the domestic listing proceeds.

Can I buy DeepSeek shares before the IPO?

Not through a public exchange, since DeepSeek is a private company with no listing filed anywhere. Segmara does not sell, broker, or arrange purchases of DeepSeek shares; verify any private share offer independently, and track official filings through the Shanghai Stock Exchange or DeepSeek's own statements rather than secondary market chatter.

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