Thursday, September 3, 2026

Moonshot AI files confidentially for $3 billion Hong Kong IPO

Beijing-based Moonshot AI submitted a confidential A1 application to the Hong Kong Stock Exchange this week, Reuters reported September 3, 2026, formally starting the process for an IPO targeting about $3 billion at a roughly $50 billion valuation. Goldman Sachs, China International Capital Corporation and Deutsche Bank have been enlisted as underwriters, and Moonshot had to unwind its offshore incorporation structure into an onshore China domicile before filing. The Kimi K3 developer plans to submit its formal listing application by September 30, with a listing expected by year-end or in early 2027.

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