With restructuring complete and industrial investors joining its cap table, StepFun is moving closer to a public market debut.
Written by IPO Zaozhidao
Published on
12 May 2026
2 mins read
StepFun is set to complete a funding round of nearly USD 2.5 billion as it accelerates its listing process. Corporate registration records show that the company completed its shareholding reform in April, changing its status from a limited liability company to a joint stock company limited by shares.
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