智谱涨价30%，股价4天狂飙70％，市值突破1500亿港元

Core Viewpoint - The article highlights the significant stock price increase of Zhipu, which surged over 70% within a week, driven by strong market demand for its GLM Coding Plan and the announcement of a price adjustment for its services [1][3]. Group 1: Stock Performance - On February 12, Zhipu's stock price rose by over 12%, reaching 345 HKD per share, with a market capitalization exceeding 150 billion HKD [1]. - The stock has shown a weekly increase of over 70%, indicating strong investor interest and confidence in the company's growth prospects [1]. Group 2: Price Adjustment Announcement - Zhipu announced a structural adjustment to the pricing of its GLM Coding Plan, effective February 12, 2026, due to strong market demand and increased user engagement [3][6]. - The adjustments include the cancellation of the first purchase discount while retaining quarterly and annual subscription discounts, with an overall price increase starting from 30% [6]. - Existing subscribers will not see a change in their pricing, ensuring customer retention amidst the adjustments [6]. Group 3: Product Development and IPO Progress - Zhipu officially released its new generation base model, GLM-5, marking a transition in programming capabilities from "writing code snippets" to "completing system engineering" [7]. - The company is progressing with its IPO plans, having submitted the third phase of its IPO guidance report to the China Securities Regulatory Commission, indicating ongoing efforts to list on the A-share market after its successful Hong Kong listing [7].