Sources: Bank of America Exits Moonshot AI IPO Underwriting Talks

Odaily News: According to sources familiar with the matter, Bank of America is no longer participating in the potential IPO underwriting arrangements for AI company Moonshot AI. Earlier, Bank of America had held discussions about serving as overall coordinator for its Hong Kong IPO, but ultimately did not receive a formal appointment.

It is reported that Moonshot AI plans to list in Hong Kong as early as the first quarter of 2027, with fundraising potentially reaching up to $5 billion. Currently, Goldman Sachs is the only U.S. bank that has secured a role in the IPO project, and will serve as joint sponsor alongside CICC and Deutsche Bank. (Bloomberg)