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Moonshot eyes early 2027 Hong Kong IPO after valuation hits $50 billion

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Moonshot eyes early 2027 Hong Kong IPO after valuation hits $50 billion

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Moonshot eyes early 2027 Hong Kong IPO after valuation hits $50 billion

Moonshot AI is targeting a Hong Kong IPO in Q1 2027 after closing a private funding round at a $50 billion valuation

Moonshot’s deal shows that Hong Kong’s AI-driven fundraising boom is showing little sign of slowing after a record summer

Bloomberg 3 min read Last Updated : Oct 06 2026 | 6:03 PM IST

Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter.

The Chinese artificial intelligence champion has also begun laying the groundwork to start gauging investor sentiment through early-look meetings starting as early as this month, some of the people said, asking not to be identified because the information is private.

Moonshot is one of the biggest stars of China’s AI scene, bursting onto the global stage in July with the debut of Kimi K3, an open model that goes nearly toe-to-toe with leading platforms from the likes of OpenAI and Anthropic on some metrics. Its planned IPO is one of the most hotly anticipated deals in Hong Kong, where fundraising driven by the industry is setting fresh records. The company is considering raising up to $5 billion in the deal, people familiar with the matter have said.


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