DeepSeek: valuation, funding, and the secondary tape

The short version

Claimed valuation: $52.00B.
Last priced round: $7.40B at $52.00B post-money.
Secondary tape: $29.61 per share.
New-money stake: 14.2%.

instrument	value	as of	source
Claimed valuation	$52.00B		source
Last priced round (filed/seeded)	$7.40B @ $52.00B post	2026-06-30	source
Clarity (Hiive) tape	$29.61	2026-10-04	source
Napkin: new-money stake	14.2% ($7.40B of $52.00B)	2026-06-30	source

111 Clarity prints since 2026-06-19

Recent milestones

2026-10-06 - Bloomberg (people-sourced; Tencent, CATL and DeepSeek all declined or did not comment) reports DeepSeek's second round is close to securing
2026-10-06 - Business Times (Bloomberg relay): DeepSeek originally targeted a ~CNY 50B raise at a ~CNY 500B valuation - demand after the V4-Flash launch
2026-10-06 - Bloomberg reported that DeepSeek is close to raising at least 80 billion yuan (about US$12 billion), exceeding its initial target of around

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Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.