Leading AI Large Model Companies in China and the U.S. to Face Wave of IPOs: OpenAI, Anthropic to Go Public as Early as Q4 2026, DeepSeek Prepares for A-Share Listing

BlockBeats News, July 17th. The Sino-US AI large-model companies are accelerating their capital market plans. Companies such as Anthropic, OpenAI, DeepSeek, Dark Side of the Moon, and LeapStar are either submitting documents, preparing for IPO, or in early-stage evaluation. The planned listing locations include the US stock market, A-share market, and Hong Kong stock market. Here is a compilation of the companies lining up for IPO as reported by BlockBeats:

Category 1: Document Submitted, Closer to IPO

These companies have secretly submitted S-1 documents, making them the most advanced in the IPO process.

Anthropic secretly submitted its S-1 on June 1st, aiming to debut on the US stock market as early as the fourth quarter of 2026. The company's latest post-investment valuation is about ¥965 billion, with the latest round of financing at ¥65 billion and total funding of around ¥132 billion.

OpenAI secretly submitted its S-1 on June 8th, also planning to list on the US stock market, with a potential IPO date in the fourth quarter of 2026. The company's latest post-investment valuation is about ¥852 billion, with the latest round of financing at ¥122 billion and total funding of approximately ¥180 billion.

Category 2: IPO Preparation Initiated or in Evaluation Stage

These companies have not yet entered the IPO stage but have started IPO preparations, engaged with investment banks, or reportedly submitted documents.

DeepSeek has initiated preparations for an A-share IPO, with a latest pre-investment valuation of around ¥71 billion, the latest round of financing at ¥7 billion, total funding of about ¥7 billion, planning to submit materials by the end of 2026 and list in 2027.

Dark Side of the Moon is in the early evaluation stage for a Hong Kong IPO and has engaged with investment banks. The company's latest post-investment valuation is about ¥20 billion, with the latest round of financing at ¥2 billion and total funding exceeding ¥5 billion, with no clear timeline for the IPO yet.

LeapStar is reportedly to have secretly submitted IPO documents for a Hong Kong listing, with a latest valuation of about ¥12 billion, the latest round of financing close to ¥2.5 billion, total funding of over ¥3 billion, and a specific listing date to be determined.

Category 3: Intention Expressed Only, Not Formally Initiated

These companies have expressed their intention to go public but have not officially started the process.

RiverMinds has expressed its intention to go public, but the relevant procedures have not yet been initiated, and the listing location is undecided. The company's latest valuation is about ¥20 billion RMB, with the latest round of financing at ¥5 billion RMB and total funding of about ¥7.5 billion RMB, expected to start the IPO process in 2027.

Perplexity has also not formally started the IPO process, planning to debut on the US stock market, with a latest valuation of about ¥21 billion, the latest round of financing at ¥200 million, total funding of around ¥1.7 billion, and scheduled for an IPO in 2028.