On June 30, Zhipu AI rose 3.52% in regular trading, trading at 1999.0 HKD/share, with turnover of 374 million HKD. The stock attracted short-term buying interest near the 2,000 HKD support level following consecutive sharp declines.

The rebound comes after Zhipu AI plunged over 15% on June 26 to break below 2,000 HKD and fell another 5% on June 29, driven by multiple headwinds. Market reports indicate the company is in discussions with advisors regarding a potential Hong Kong share placement that could raise several billion US dollars, possibly as early as July. Simultaneously, the six-month post-IPO lock-up period expires on July 8, with approximately 25.68 million cornerstone investor shares set to become tradeable, raising concerns over near-term supply expansion.

The stock has surged approximately 2,000% since its January listing, and its market capitalization has retreated below one trillion HKD. Despite the technical bounce, risks from potential equity dilution and imminent lock-up expiry remain unresolved overhangs.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)