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DeepL, a German developer specializing in AI - powered translation technology, is weighing the possibility of an initial public offering (IPO) in the United States. So far, the company has refrained from making any official comments on this issue. Citing sources, Bloomberg reports that DeepL has engaged in preliminary talks with potential advisors about going public in the U.S. as soon as next year.
Insiders disclosed that the company might aim for a valuation of up to $5 billion. This is a significant jump from its $2 billion valuation in May of the previous year. In May this year, DeepL's Chief Revenue Officer pointed out that given the ample growth prospects in the U.S. market, the company had already set up an office there. At present, it boasts over 200,000 enterprise clients and millions of daily active users, including both paying and non - paying ones.
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