Z.ai (Zhipu AI) lists on Hong Kong Stock Exchange at $7.4B valuation, raising $558M

Z.ai debuted on the Hong Kong Stock Exchange with share prices jumping 8.43% to HK$126 on opening day. The IPO raised $558 million and valued the company at $7.4 billion, making it China's first major LLM company to go public. The capital is intended to accelerate R&D and global market expansion.

Source: Press (link not recorded)AI