China’s Zhipu AI plans to apply for Shanghai’s Sci-Tech Board listing

Knowledge Atlas Technology JSC, also known as Zhipu AI, intends to apply for a domestic listing on the Shanghai Stock Exchange’s Sci-Tech Innovation Board, the company said late Monday.

One of the leading players in China’s crowded artificial intelligence sector, Zhipu AI, said the proposed issuance of A shares, each with a ‌nominal value ⁠of 0.10 ⁠yuan, would represent between 2% and 8% of the company’s total share capital, or 9.1 million to ​38.8 million shares.

However, it did not disclose the amount it plans to raise from the issue.