Core Insights - The company "Zhiyuan," known as the "first global large model stock," was listed in Hong Kong on January 8, achieving a market capitalization of HKD 54.4 billion [1] - The IPO was highly successful, with a subscription rate exceeding 1160 times for the public offering [1] - Zhiyuan is a leading AI company in China, focusing on the development of advanced general large models, ranking first among independent developers in China and second overall [1] Company Overview - Zhiyuan has adopted a business model centered around MaaS (Model as a Service), creating a standardized product system rather than following traditional enterprise AI routes [1] - The company delivers "general intelligent capabilities" to enterprises and developers through API calls, making its model easily understandable in Hong Kong and internationally [1] - The scalability of Zhiyuan's model is considered comparable to that of leading overseas companies [1]
智谱：首日上市涨超6%，公开发售获1160倍超额认购