IPO

ON DECEMBER 30TH, THE LARGE MODELER OFFICIALLY LAUNCHED THE GLOBAL RECRUITMENT UNIT, WHICH IS SCHEDULED TO BE LISTED ON THE MAIN BOARD OF HONG KONG ON JANUARY 8TH, 2026, WITH STOCK CODE 02513. THIS TIME, THE IPO IS KNOWN BY THE MARKET AS "THE FIRST SHARE OF THE BIG GLOBAL MODEL" , MARKING THE EMERGENCE OF REPRESENTATIVE CHINESE AGI COMPANIES INTO THE CAPITAL MARKET. ACCORDING TO THE GLOBAL DISTRIBUTION OF DOCUMENTS, THIS IS PROPOSED TO ISSUE 374195 MILLION SHARES OF H, OF WHICH HONG KONG HAS PUBLICLY DISTRIBUTED 187.11 MILLION SHARES, INTERNATIONAL 3554.85 MILLION SHARES, AT A PRICE PER..

On 23 December, the CSRC's Department of International Cooperation issued a notice for the filing of “total circulation” of unlisted shares in foreign issues and shares in the country, issued by the Beijing Société Supérieure et Sécurité Internationale. The company intends to issue no more than 43,032,400 shares outside the country and listed on the Hong Kong Joint Exchange. Prior to this, on 19 December, the company disclosed its equity book and announced that it was going to Hong Kong to launch the “First Unit of the Large Global Model”. According to the book, companies earned $5.74 million and $124.5 million in 2022, 2023 and 2024 respectively

On 23 December, the Department of International Cooperation of the CSRC issued a notification regarding the issuance of a listing outside Mini Max Group Inc., in which the company intended to issue no more than 335,77240 shares outside the country and listed on the Hong Kong Joint Exchange. 1AI noted that another family industrial intelligence company, the Beijing Zhihua Medal, was also filed today by the CSRC and was to issue no more than 43,032,400 shares of common stock outside the country and listed on the Hong Kong Joint Exchange, and that two companies would compete for “AI Large Model First”. Mini Max, the network show..

On 7 November, according to Reuters, OpenAI CFO Sarah Friar stated at a previous WSJ Tech Live conference that the company had no plans for its first public collection (IPO) in the recent past. She stressed that "IPO is not the current agenda" and that the focus of the company is now on scaling up and enhancing operational capacity rather than capital market finance. It was previously reported that OpenAI was preparing for possible listing in late 2026 or in 2027, with an estimate of up to $1 trillion. But, Fria..

On November 6, OpenAI co-founder and CEO Sam Altman (Sam Altman) attended the BG2 podcast with Microsoft CEO Nadra last week (1 November) and spoke to the moderator about the financial situation of the company, rejecting OpenAI’s claims that it was in a state of financial crisis and burning. The moderator began with a review of certain media reports that OpenAI was able to earn $13 billion a year (note: the current exchange rate is about $92.6 billion), but Ortmann denied it and explained that..

April 15 news, April 14, China Securities Regulatory Commission official website shows, "big model six little dragons" one of the Beijing Zhi Spectrum Huazhang Technology Co., Ltd. in the Beijing Securities Regulatory Bureau for the counseling record, by the China International Capital Corporation Limited as a counseling agency, plans to complete the counseling program in October 2025, the assessment and evaluation of the initial public offering and preparation of the application documents. The company plans to complete the counseling program by October 2025, conduct assessment and evaluation, and make preparations for the initial public offering and listing application documents. This means that ChipSmart has become the first "Big Model Six Little Dragons" company to formally start the IPO process, and also the first big model company to formally start the...

April 1 (Bloomberg) -- AI search company Perplexity co-founder and CEO Aravind Srinivas responded to recent concerns about the company's status and products in a Reddit post on March 28 (local time). On the financial front, he said that Perplexity is currently well-funded, on an upward trajectory in terms of revenue, and has no plans for an IPO before 2028; that the previously launched Auto auto-select model search mode was not intended to be a cost savings but rather a way to make the product more...

According to Reddit's securities documents, the US Federal Trade Commission (FTC) is conducting a private investigation into the social platform's licensing of content to AI companies. According to foreign media Axios, other companies have also received investigative letters from the FTC. Reddit filed for an IPO last month, raising up to $748 million at a price of $3.1 to $3.4 billion per share, with a total valuation of nearly $6.5 billion (currently about 46.8 billion yuan). Image source Pexels The social platform said that the focus of the FTC's investigation is...

In Reddi's latest IPO filing, OpenAI CEO Sam Altman became a major shareholder of Reddit Inc., holding 8.7% of Reddit shares, including 789,456 Class A shares and 11.4 million Class B shares. Altman has a long-standing and close relationship with Reddit, having participated in the inaugural class of the 2005 Y Combinator accelerator with Reddit co-founders Steve Huffman and Alexis Ohanian, and has worked in the former...