StepFun Plans to Submit Hong Kong IPO Application as Early as Monday, Valuation May Reach $12 Billion


StepFun Plans to Submit Hong Kong IPO Application as Early as Monday, Valuation May Reach $12 Billion According to Beating Monitoring, citing sources from The Wall Street Journal, China’s AI startup StepFun is expected to submit its Hong Kong IPO application as early as Monday. Major investors have proposed setting the IPO valuation at a maximum of $12 billion, but the final valuation may still change.
Next, focus on three things: whether relevant funds continue to flow in, whether on-chain trading volume and holdings keep expanding, and whether the project team or regulators provide new confirmation information. A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can develop into a trend.
Risks should also be considered: before StepFun, competitors Zhipu AI and MiniMax listed in Hong Kong in January this year. Both companies’ stock prices surged significantly after listing, potentially bringing substantial returns to early investors before the lock-up period expires next month.
#链上数据 #AI #监管 #Blockchain #CryptoMarket
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