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StepFun Reported to Submit Hong Kong IPO Application as Soon as Today, with Valuation Up to $12 Billion
2026-06-09 /
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Author：小编
On June 8, The Wall Street Journal reported that StepFun, a Chinese large model company, is preparing to submit its IPO application to the Hong Kong Stock Exchange as soon as the same day. Sources familiar with the matter said that the highest valuation given by major investors reached $12 billion, with the final pricing subject to adjustment. If the listing goes smoothly, StepFun will become the third large model company to be listed on the Hong Kong stock market.
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