This morning, Zhipu's shares, listed on the Hong Kong Stock Exchange, experienced a meteoric rise shortly after the market opened, with intraday gains at one point surpassing 22%. This surge propelled the stock to a fresh peak since its debut, reaching a high of HK$492. As of the time of reporting, the share price had slightly retreated to HK$472.6, yet the company's total market capitalization still exceeded HK$210 billion. Zhipu made its debut on the main board of the Hong Kong Stock Exchange on January 8, with an initial public offering (IPO) price set at HK$116.20. Presently, its share price has catapulted by over 300% from its IPO price. Yesterday, Zhipu unveiled the official rollout of the GLM-5 model, sparking an explosive surge in platform traffic. This model represents a significant leap from conceptual code to practical engineering, achieving state-of-the-art (SOTA) scores for open-source models across multiple benchmark tests in programming and Agent domains.