DeepSeek's push toward a Shanghai STAR Market IPO in early 2027 is accelerating amid a record funding round nearing 80–100 billion yuan at a roughly $75 billion valuation, with Tencent and CATL as anchor investors. The company hired its first CFO in late September and tapped CITIC Securities in September to prepare filings potentially before year-end, following strong demand after recent large language model releases. Capital is earmarked for compute infrastructure, including a major Inner Mongolia data center deploying over 160,000 Huawei Ascend chips, as DeepSeek prioritizes domestic hardware amid competitive pressure from peers like Moonshot AI also eyeing 2027 listings. These steps signal execution momentum for traders assessing timeline risks around regulatory approvals and restructuring.