On January 8, Beijing Zhipu Huazhang Expertise Co., Ltd. formally listed on the Hong Kong Inventory Trade primary board below inventory code 2513, incomes the title of “the world’s first publicly listed basis mannequin firm.”
The IPO concerned the worldwide providing of roughly 37.42 million H shares at USD 14.87 per share, elevating over USD 550 million. The inventory opened at USD 15.36, valuing the corporate at greater than USD 6.76 billion.
Spun out of Tsinghua College, Zhipu is understood for its GLM household of huge fashions, which stay among the many business’s main choices. The GLM-4.7 mannequin, launched in December 2025, delivered robust outcomes throughout a number of benchmarks.
Zhipu’s enterprise mannequin is centered on MaaS (Mannequin-as-a-Service). As of September 30, 2025, its fashions had been adopted by over 12,000 enterprise prospects worldwide and greater than 45 million builders.
Financially, the corporate reported RMB 312 million (approx. USD 43.1 million) in income in 2024, whereas first-half 2025 income surged 325% year-on-year to RMB 190 million (approx. USD 26.2 million). Previous to the IPO, Zhipu had raised greater than RMB 8.3 billion (approx. USD 1.15 billion) throughout a number of funding rounds.
Supply :IPOzaozhidao
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the most recent breakthroughs, get unique updates, and join with a worldwide community of future-focused thinkers.
Unlock tomorrow’s developments in the present day: learn extra, subscribe to our e-newsletter, and change into a part of the NextTech neighborhood at NextTech-news.com
