Zhipu AI launches $560 million Hong Kong IPO, potentially becoming the first listed large-scale model company.

The offering price is set at HK$116.2 per share, with listing expected on January 8th, valuing the company at approximately HK$51.16 billion. Zhipu previously completed a financing round of over RMB 8.3 billion, with investors including Meituan, Alibaba, Tencent, and Xiaomi.