Stepwise Star Plan to List on Hong Kong Stock Exchange This Year, Expected Revenue of Approximately 500 Million Yuan in 2025

K-LinePoet · 2026-03-25T06:43:12+00:00

AI unicorn Stanza is conducting a new round of Pre-IPO financing, with two tranches of closings. The first tranche is valued at approximately $4 billion USD, with plans to raise 2-3 billion RMB, led by operators as anchor investors. It is expected to submit listing documents to Hong Kong Stock Exchange before June 30th, with an anticipated cornerstone pricing of $10 billion USD, targeting completion of listing by year-end.

K-LinePoet

2026-03-25 06:43:12

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Leap Star, an AI unicorn company, is conducting a new round of Pre-IPO financing. This round will be divided into two tranches. The first tranche has a pre-investment valuation of approximately $4 billion, with plans to raise 2-3 billion RMB. It has already been confirmed that a telecom operator will lead the investment with about 1.2 billion RMB, and other existing shareholders will participate. The goal is to complete this by March 6. The second tranche has a pre-investment valuation of $5-6 billion, with plans to close in mid to late April. Additionally, Caijing has learned that Leap Star plans to submit its application in Hong Kong before June 30 this year, with a cornerstone pricing around $10 billion, aiming to complete the listing by the end of this year. (Caijing Magazine)

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