[Zhipu AI Launches $560 Million Hong Kong IPO, Plans to List on January 8] Chinese artificial intelligence company Zhipu AI has launched its initial public offering (IPO) in Hong Kong, aiming to raise HK$4.35 billion (approximately $560 million) with an offering price of HK$116.2 per share. The company is expected to be listed on January 8, with an estimated valuation of HK$51.16 billion. Zhipu AI will become the first large language model (LLM) developer to be publicly listed in Hong Kong. Previously, it completed over RMB 8.3 billion in financing, with investors including Meituan, Alibaba, Tencent, and Xiaomi.