Overview
- In Hong Kong early trade on Feb. 13, shares rose as much as 22% to HK$492 before easing to about HK$472, lifting the market value above HK$210 billion.
- The stock has gained more than 300% from the HK$116.20 offer price since its Jan. 8 debut on HKEX.
- Zhipu on Feb. 12 open-sourced GLM-5, citing top open-source results in coding and agent benchmarks and completion of inference adaptation to domestic accelerators such as Huawei Ascend and Cambricon.
- The company the same day implemented a structural increase for GLM Coding Plan with overall rises from 30%, removal of first-purchase discounts, and no change for existing subscribers, effective immediately.
- Bloomberg reported Zhipu is preparing a secondary listing on Shanghai’s STAR Market and has hired advisors including CICC, as the shares touched an intraday record of HK$496.