China’s OpenAI Rival Zhipu Debuts In HK After $558 Million IPO
Published on: Jan. 8, 2026, 6:56 a.m. | Source: NDTV Profit
Knowledge Atlas Technology JSC Ltd. will start trading in Hong Kong on Thursday after a $558 million initial public offering, becoming the first major Chinese generative-AI startup to list. The company, better known as Zhipu, offered 37.4 million shares at HK$116.20 ($14.9) apiece to investors last week. Its shares allocated to retail investors were subscribed by more than 1,159 times. Shares rose as much as 35% in the gray market ahead of its debut.
