Moonshot AI secretly files for Hong Kong IPO, eyeing early 2027 listing at ~$50B valuation
pstAsiatech · x · 2026-09-04
Moonshot AI, developer of Kimi K3, has confidentially filed for a Hong Kong IPO and targets a listing as early as Q1 2027, SCMP reports. The company plans a final pre-IPO round at a valuation of roughly $50 billion.
- Kimi K3, released in July, is the world's largest open-weight model with over 2.8 trillion parameters
- K3 approaches frontier proprietary performance while keeping Chinese open-source price advantages, shaking up the US AI industry
- Moonshot declined to comment; the timeline remains subject to regulatory approvals and market conditions
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