Moonshot AI Reportedly Considering Hong Kong Listing with Valuation at $18 Billion

Wallstreetcn
2026.03.26 09:04

According to media reports, Moonshot AI has contacted and negotiated with CICC and Goldman Sachs Group regarding a potential IPO. The timing for this listing is currently uncertain, and discussions are ongoing, with no guarantee that a listing will ultimately occur. Simultaneously, Moonshot AI is seeking to complete a new round of private financing of up to $1 billion, valuing the company at approximately $18 billion

Moonshot AI, a Beijing-based artificial intelligence startup, is in the early stages of considering a listing in Hong Kong, aiming to raise capital by leveraging investors' high enthusiasm for AI concept stocks.

According to sources cited by Bloomberg, Moonshot AI has contacted and negotiated with CICC and Goldman Sachs Group regarding a potential IPO. The sources indicated that the timing for this listing is uncertain, discussions are ongoing, and a listing is not guaranteed.

Concurrently, Moonshot AI is seeking to complete a new round of private financing of up to $1 billion. According to previous reports by Bloomberg, this funding round values the company at approximately $18 billion.

In January of this year, the company upgraded its flagship Kimi AI model to version K2.5, which supports synchronous processing of text, images, and video within a single prompt, and includes the AI agent product Kimi Claw.

Hong Kong Listing Trend for AI Companies Heats Up

According to sources cited by Bloomberg, Moonshot AI has been in contact with CICC and Goldman Sachs regarding underwriting matters.

The Hong Kong stock market is attracting increasing attention from Chinese AI companies. Zhipu AI and MiniMax completed their Hong Kong listings in January, and their stock prices have since risen significantly, with both companies reaching valuations of approximately $40 billion, setting a precedent for latecomers.

Policy direction from Beijing also provides significant support. Beijing has consistently expressed its commitment to supporting the development of domestic leading enterprises in fields such as AI and robotics. DeepSeek, Unitree Robotics, and Moonshot AI are all within the scope of policy support, and their models are among the best-performing large models in China.

Private Financing Continues Amidst Valuation of Approximately $18 Billion

While advancing its potential IPO plans, Moonshot AI is also actively expanding its private financing channels. According to previous reports by Bloomberg, the company completed a funding round of over $700 million earlier this year and is currently in negotiations to raise an additional $1 billion, with a valuation of approximately $18 billion.

Moonshot AI was founded by former Tsinghua University professor Yang Zhilin. Its existing shareholders include Alibaba Group, Tencent Holdings, and 5Y Capital.

In January of this year, the company upgraded its flagship Kimi AI model to version K2.5, which supports synchronous processing of text, images, and video within a single prompt, and includes the AI agent product Kimi Claw.

The company has not yet disclosed any formal listing timetable.

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