Zhipu Plans $2 Billion Share Placement, RMB 20.14 Billion Zero-Coupon CBs

Bloomberg said mainland large-model new listing Zhipu (2513) plans to place new shares to raise about $2 billion, equivalent to about HK$15.6 billion, and issue zero-coupon convertible bonds with a total principal amount of RMB 20.14 billion, equivalent to about HK$23.55 billion, for total fundraising of as much as HK$39.15 billion, according to Ming Pao.