According to media reports, MoonShot has been in talks with CICC and Goldman Sachs regarding a potential IPO. The timing of the listing remains uncertain, discussions are still ongoing, and it may not ultimately lead to an IPO. Meanwhile, MoonShot is seeking to complete a new round of private financing worth up to $1 billion, valuing the company at approximately $18 billion.
Beijing's artificial intelligence startup MoonShadow is in the early stages of considering a listing in Hong Kong, a move aimed at leveraging investor enthusiasm for AI-related stocks to raise capital.
According to Bloomberg citing people familiar with the matter, MoonShot has been in discussions with CICC and Goldman Sachs over a potential IPO. The sources indicated that the timing of the listing remains uncertain, with related discussions still in progress, and may not necessarily result in an IPO.
At the same time, MoonShot is seeking to complete a new round of financing in the private market worth up to $1 billion. As previously reported by Bloomberg, this round values the company at approximately $18 billion.
In January this year, the company upgraded its flagship product, the Kimi AI model, releasing version K2.5, which supports simultaneous processing of text, images, and videos under a single prompt and incorporates the AI agent product Kimi Claw.
Growing Trend of AI Companies Listing in Hong Kong
According to Bloomberg citing informed sources, MoonShot has engaged in discussions with CICC and Goldman Sachs regarding underwriting matters.
Hong Kong's stock market is attracting increasing attention from China’s AI enterprises. Zhipu and MiniMax both completed listings on the Hong Kong Stock Exchange in January this year, with their share prices subsequently surging significantly, resulting in valuations rising to approximately $40 billion each, setting a benchmark for future entrants.
Beijing’s policy direction also provides crucial support. Beijing has consistently expressed backing for domestic leading enterprises in fields such as AI and robotics. DeepSeek, Unitree Technology, and MoonShot fall within the scope of policy support, with their models ranking among the top-performing large models in China.
Private Financing Advances, Valuation Approximately $18 Billion
While advancing a potential IPO, MoonShot continues to actively expand its private financing channels. According to previous Bloomberg reports, the company completed a funding round exceeding $700 million earlier this year and is currently negotiating an additional financing round of up to $1 billion, corresponding to a valuation of approximately $18 billion.
MoonShot was founded by former Tsinghua University professor Yang Zhilin and its current shareholder lineup includes Alibaba Group, Tencent Holdings, and 5Y Capital.
In January this year, the company completed an upgrade of its flagship product, the Kimi AI model, launching version K2.5, which supports simultaneous processing of text, images, and videos in a single prompt and is equipped with the AI agent product Kimi Claw.
Currently, the company has not disclosed any formal timetable for going public.
Editor/Melody