Moonshot AI Weighs Hong Kong IPO Targeting Up to $5 Billion

Moonshot AI is considering a Hong Kong initial public offering that could raise $3 billion to $5 billion as soon as this year, according to people familiar with the plan. The Beijing-based developer of Kimi has also confidentially filed for the share sale, but the proposed size and timetable remain subject to change. The current plan would make the company one of the largest Chinese AI startups to seek public-market funding.