On January 8, 2026, Zhipu made its debut on the main board of the Hong Kong Stock Exchange, earning the title of the "world's first publicly traded large-scale model company." Its initial offering price stood at HK$116.20 per share. Subsequently, the stock price soared to HK$205, propelling the company's total market capitalization to HK$90.247 billion. Zhipu's CEO, Zhang Peng, addressed inquiries regarding the company's decision to go public before achieving Artificial General Intelligence (AGI). He emphasized that attaining AGI is a long-term endeavor rather than a short-term objective, and that going public represents a strategic move to strike a balance between resource expenditure and acquisition. Zhang also highlighted the challenges of directly replicating the ChatGPT model in the Chinese market, noting that success would be elusive without leveraging a significant first-mover advantage.