Movement Alert｜Zhipu AI Falls 3.96% in Regular Trading, Share Placement Rumors and Approaching Lock-Up Expiry Continue to Weigh on Stock

Market Focus

Jun 29

On June 29, Zhipu AI (02513.HK) declined 3.96% in regular trading, trading at 2028.0 HKD/share, with turnover of 674 million HKD.

On the news front, market reports indicated that Zhipu AI is in discussions with advisors regarding a potential share placement in Hong Kong, with fundraising potentially reaching several billion US dollars as early as next month. Simultaneously, the six-month post-IPO lock-up period for cornerstone investors holding approximately 25.68 million shares is set to expire on July 8, intensifying concerns over near-term supply expansion.

Additionally, the end-of-June window coincides with semi-annual performance settlement for mutual and private funds, creating concentrated profit-taking pressure on high-valuation AI names that had been heavily crowded. Since its January listing, Zhipu AI has seen extraordinary gains, though its market capitalization has now retreated below one trillion HKD, with market divergence over its valuation continuing to widen.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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