Moonshot AI reportedly plans to list in Hong Kong this year, targeting up to $5 billion in fundraising

Odaily News According to informed sources, Moonshot AI plans to conduct its initial public offering (IPO) in Hong Kong as early as this year, aiming to raise up to $5 billion to meet strong investor demand.

Sources say Moonshot AI has appointed Bank of America as the global coordinator for the IPO, with other sponsoring banks including CICC, Deutsche Bank, and Goldman Sachs Group, and noted that the company has confidentially submitted its IPO application. Sources added that Moonshot AI may raise between $3 billion and $5 billion through the share sale, potentially as early as this year. Deliberations are still ongoing, and details such as offering size and timing may change. (CLS)