Zhipu AI prices HK$4.3bn Hong Kong IPO at HK$116.2 a share

Chinese foundation model company Zhipu AI set its Hong Kong IPO price at HK$116.2 per H-share, according to a Dec. 30, 2025 global offering announcement. The 37,419,500-share offer could raise about HK$4.35 billion, with trading on the HKEX main board scheduled to start on January 8, 2026.