Zhipu Huazhang (02513) launched a Hong Kong stock offering and received support from the top cornerstone lineup, accounting for nearly 70% of the cornerstone

The Zhitong Finance App learned that on December 30, Zhipu Huazhang (02513) officially launched the Hong Kong stock IPO. It is expected to end on January 5, 2026. It plans to issue 374.195 million H shares, Hong Kong's public sale of 1.871 million H shares, and the international sale of 355.485 million H shares. It is scheduled to be officially listed and traded on January 8, 2026.

Based on the issue price of HK$116.20 per share, Zhipu Huazhang is expected to raise HK$4.3 billion this time, and the market value of this IPO is expected to exceed HK$51.1 billion.

Zhipu Huazhang is a leading artificial intelligence company in China, dedicated to developing advanced general-purpose models. As the “world's largest model stock”, Zhipu Huazhang was supported by the top cornerstone lineup, showing strong market appeal.

According to global public sale documents, in this listing, Zhipu Huazhang introduced 11 investment institutions including JSC International Investment Fund SPC, JinYi Capital Multi-Strategy Fund SPC, PerseverancAsset Management, Shanghai Gao Yi, WT Asset Management, Taikang Life Insurance, China Development Fund, and 3W Fund Management as the cornerstone Investors plan to subscribe for a total of HK$2.98 billion, accounting for nearly 70% (assuming that overallotment rights are not exercised), covering Beijing's all-star cornerstone investment lineup, such as core state-owned capital, head insurance funds, large-scale public funds, and star private equity funds.