Baidu plans to publicly list its own AI chip creator, whose valuation could reach $64 billion.

Brief on Baidu’s plans for Kunlunxin IPO

At the beginning of the year it became known that Baidu intends to take its subsidiary Kunlunxin Technology – a company developing AI chips – public. The formal request has already been filed, and the company continues working to complete the process by the end of this year.

What Baidu representatives say

Baidu’s CFO Henry He confirmed the plans in an interview with the Wall Street Journal last Wednesday. According to him, by the end of 2024 Kunlunxin will be separated from its parent company and become a standalone legal entity. Then its shares will be listed on the Hong Kong and Shanghai exchanges. Analysts expect the initial public offering (IPO) to take place in Q3.

Technical preparation and valuation

Last month work began on a dual IPO – shares will be listed simultaneously on two venues. Morningstar values Kunlunxin at between $51 billion and $63.8 billion USD (at current rates). Baidu expects significant revenue growth in the coming quarters thanks to rising demand for AI solutions.

Thus, Baidu is actively pushing forward its plan to bring Kunlunxin to the public market and expects a successful placement by year‑end.