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

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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.

Educational pre-IPO guide. Share allocations and secondary transactions are subject to eligibility and private settlement terms.

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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.

Private-share data lens

Public round-by-round marks are incomplete for this company. Segmara shows the listing mark and keeps the seed-to-IPO analysis focused on verifiable funding, tender, or secondary signals.

Segmara markNo indicative price yet

Indicative listing context

StageDateValuation / price signalWhy it matters
Seed / earlyPrivateNot reliably publicDo not invent a seed price when the source set is thin.
Growth roundsPrivateCompany and market sources varyUse public sources and official company releases.
Segmara listingCurrentNo indicative price yetIndicative reference only, not a quote or an offer.
IPO statusCurrentNo public ticker shown hereWatch official company releases and the free Segmara IPO calendar.

Seed-to-IPO path

Illustrative completeness map. Longer bars mean stronger public data or more useful current pricing context, not lower risk.

Early data22%
Growth data46%
Segmara mark68%
IPO/public18%
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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.

MetricValueContext
Canonical route/blog/when-will-deepseek-ipoStable URL path for AI and search extraction.
Article titleWhen Will DeepSeek IPO? It Has Hired CITIC for a Shanghai ListingMain page topic.
Attached public sources2Number of citation links rendered at the bottom of the article.
Segmara listed companies148Live private-company listings in the public catalogue.
Priced listings37Catalogue listings with visible indicative or direct marks.
Listings without an indicative price111Catalogue listings where a public price is intentionally not invented.
CompanyDeepSeekNamed company covered by this page.
Symbol labelDPSKSegmara display symbol; not a public stock ticker unless separately stated.
SectorArtificial IntelligenceCatalogue sector used for comparison and internal linking.
Listing structureRequestHow the listing is categorized on Segmara.
Segmara markNo indicative price yetVisible listing mark, or no indicative price yet.
Sector peer count14Number of live Segmara listings in Artificial Intelligence.
Structure peer count111Number of live Segmara listings categorized as Request.
StageTimingPrice / valuation signalInterpretation
FormationPrivateEarly ownershipThe first value creation happens before ordinary public-market access.
Growth roundsPrivateInstitutional repricingLater rounds and tenders create the price history buyers study.
Segmara listingCurrentNo indicative price yetIndicative reference only, not a quote or an offer.
Exit pathFutureIPO, tender, acquisition, or continued private statusLiquidity timing remains company-specific.
Chart metricScoreInterpretation
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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

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How pre-IPO share access works

Standard Segmara allocation path

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2. ListingReview indicative mark and structure context
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What happens after payment

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Share allocation requestDirect
Transfer & settlement termsReviewed, not guaranteed
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Key takeaways

Risk notes

Public source links

PRE-IPO ALLOCATION

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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.

Pre-IPO Allocation

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