Moonshot AI Dismantles Offshore Structure in Preparation for Hong Kong IPO as Early as Early 2027

Odaily reports: According to people familiar with the matter, Kimi large model developer Moonshot AI is considering an initial public offering in Hong Kong as early as early 2027, and has begun dismantling its offshore holding structure to pave the way for the IPO.

The sources said the restructuring path involves the company first repurchasing overseas shares from U.S. dollar-denominated shareholders, then arranging for the relevant funds to be invested in the domestic entity. Bloomberg previously reported that Moonshot AI had completed its final private funding round at a valuation of approximately $50 billion, is considering raising up to $5 billion in the IPO, and has confidentially filed its listing application with the Hong Kong Stock Exchange; the company said in response to media inquiries that it does not comment on market rumors or speculation. (The Wall Street Journal)