Google Translate Rival DeepL Is Said to Explore US IPO

German artificial intelligence language platform DeepL is exploring a potential initial public offering in the US, according to people familiar with the matter.

Cologne-based DeepL has held preliminary discussions with potential advisers on the listing, said the people, who asked not to be identified as the information is private. A first-time share sale could take place as soon as next year, the people said.

DeepL could seek a valuation of as much as $5 billion in the listing, some of the people said. The final valuation would depend on investor demand and market conditions. The company raised $300 million at ...