Manus Acquired, Zhipu Set to Go Public in 8 Days
Meta snaps up Manus, Zhipu files for HK IPO in 8 days: AI giants race to public markets
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AI Big News Keeps Coming
Just this morning came news of Manus being acquired by Meta, and soon after, the race for “the world’s first publicly-traded large language model company” reached a milestone.
On December 30, Beijing Zhipu Huazhang Technology Co., Ltd. (hereinafter referred to as “Zhipu”) officially launched its Hong Kong stock offering. The subscription period will run until January 5, 2026, with plans to list on the main board of the Hong Kong Stock Exchange on January 8, 2026, under the stock code “2513.”
According to the offering arrangement, Zhipu plans to conduct a global offering of 37.4195 million H shares, including 1.871 million H shares in the Hong Kong public offering and 35.5485 million H shares in the international offering.
The IPO pricing and fundraising scale have also been revealed—the offering price per share is set at HKD 116.20. After deducting related issuance fees, the fundraising is expected to be approximately HKD 4.3 billion, corresponding to an IPO market value expected to exceed HKD 51.1 billion.
Public information shows that Zhipu’s cumulative financing in the private market has reached RMB 8.344 billion, with its latest valuation climbing to RMB 24.377 billion. This means that in this critical leap toward listing, Zhipu’s market value has nearly doubled—such a significant “premium listing” also represents a considerable market challenge.
