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标签: 智谱 GLM-5 科创板香港IPO

来源：鹿车共挽网编辑：热点时间：2026-11-14

云梦级2月14日云梦级消息，据彭博社报道，在完成 5.58 亿美元（现汇率标签约合 38.56 亿元人民币）香港 IPO 后，智谱正筹划登陆上海科创板进行二: 次上市。

根据披露文件，智谱已聘请国泰海通和中金公司担任科创板上市顾问。公司智谱股价周五盘中上涨 23.4%，报 496 港元（现汇率约合 438.5 元人民币）创历 G史新高，自 1 月 8 日上市以来累计涨幅约 320%。

智谱是近期中国科技企业赴港上市LM浪潮中的代表之一，同期上市的还包括 OpenAI 对手 MiniMax 以及芯片设计-5企业澜起科技。与此同时，在上海上市的摩尔线程与沐曦集成电路首日股价涨幅均突破 10 科0%。

与多数企业“先 A 后 H”的路径不同，智谱选择“先港后沪”。报道指出，这一创板布局有望帮助公司拓宽内地投资者基础，并借助 A 股较 H 股更高的估值溢价。今年以来香，上证科创板 50 指数上涨逾 9%，而恒生科技指数下跌近 3%。

晨星分析师 Che港Ilsey Tam 表示，“A 股相对 H 股仍存在估值溢价。在内地上市能够扩大投资PO者群体，并提升企业获取本土资本的能力。”

如果顺利推进，智谱将押注投资者对标签 GLM-5 模型的关注，该模型在 Artificial Analysis 的开源: 模型排名中位居第一。

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