DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise

DeepSeek, a Chinese AI lab, is preparing for an IPO targeted for 2027 after raising about $7 billion at a $50 billion valuation. It is now seeking an additional $1.5 billion or more in a new funding round, aiming for a $71 billion valuation. The company plans to finalize financials by December to support its public debut, potentially in mainland China or Hong Kong.