New stock news: AI startup company Stepstar plans to go public in Hong Kong, raising approximately 500 million US dollars.

According to reports, the AI startup StepFun is considering listing in Hong Kong, planning to raise approximately $500 million (about HK$3.9 billion). The report cited sources familiar with the matter as saying that StepFun has been in discussions with potential advisors on matters related to selling equity, and could potentially list as early as this year, although details such as the size of the offering and the timing of the listing may change. Founded by former Microsoft global vice president Jiang Daxin in 2023, StepFun focuses on developing large basic models and promoting the "AI+ terminal" strategy. In January of this year, media reports stated that StepFun had completed over 5 billion yuan in Series B+ financing, with investors including Shanghai Guotou Xiandao Fund, China Life Equity, Pudong Venture Capital, as well as existing shareholders Tencent (00700), Qiming Venture Partners, and Wuyuan Capital participating in follow-up investments.