Zhipu raises $4 billion from share sale at low end of range, shares surge 22% in Hong Kong

Chinese AI model maker Zhipu priced a $4 billion share sale at the low end of the marketed range for its Hong Kong listing. Shares surged as much as 22% on Thursday, reflecting strong investor demand despite the pricing.

• Zhipu Surges 22% After $4 Billion Share Sale Priced at Low End
• AI Firm Zhipu to Sell $4 Billion of Shares After 1,500% Rally