Xin Lang Cai Jing·2026-02-13 00:29Group 1 - The core viewpoint of the article is that Zhipu continues to advance its A-share listing plan after its H-share listing, with recent updates from the China Securities Regulatory Commission (CSRC) indicating a change in its IPO counseling institutions and a new filing for guidance [1] Group 2 - Zhipu has withdrawn its previous counseling filing submitted in April 2025 and has registered a new counseling filing [1] - The new counseling institutions for Zhipu's IPO are now Guotai Junan Securities and China International Capital Corporation (CICC), replacing the previous sole advisor [1] - Zhipu aims to list on the Shanghai Stock Exchange's Sci-Tech Innovation Board (STAR Market) [1] Group 3 - Zhipu was established in 2019 and is one of the earliest companies in China to engage in large model research and development, originating from technology transfer at Tsinghua University [1] - On January 8, 2026, Zhipu completed its listing on the Hong Kong Stock Exchange, becoming the "first global large model stock" [1] - Following its listing, Zhipu's stock price has shown a fluctuating upward trend, with a current market capitalization nearing 180 billion HKD [1] - As of February 12, 2026, Zhipu's stock price was reported at 402 HKD per share, with a total market capitalization of 179.2 billion HKD [1]