Exclusive: Moonshot AI explores dual Hong Kong and Shanghai IPOs, listing as early as Q1 2027
pstAsiatech · x · 2026-09-10
Kimi K3 maker Moonshot AI is exploring dual listings in Hong Kong and Shanghai's tech-focused Star Market, SCMP reports, citing two sources.
Key points:
- After a July meeting with financial backers, the Beijing startup settled detailed Hong Kong IPO arrangements and has hinted at a mainland listing to follow
- It is likely eyeing the Shanghai Stock Exchange's Star Market and may soon begin negotiations; the board recently attracted ChangXin Memory and Unitree Robotics, with DeepSeek and YMTC awaited
- Motivations include weak AI stock performance in Hong Kong and crowding among IPO applicants
- Moonshot has confidentially filed for a Hong Kong IPO targeting as early as Q1 2027, while conducting a final funding round
The company did not immediately respond to comment requests.
Related event: Moonshot AI Eyes Dual Hong Kong-Shanghai Listing, Begins Unwinding VIE(2 posts)→
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