Moonshot AI, developer of the Kimi mannequin, is exploring a possible Hong Kong IPO, in response to a report by Bloomberg on March 26.
The corporate has reportedly held preliminary discussions with China Worldwide Capital Company (CICC) and Goldman Sachs, though plans stay at an early stage and will not proceed.
On the identical time, Moonshot AI is making ready a brand new funding spherical of as much as $1 billion, with a pre-money valuation of round $18 billion. The spherical has attracted robust curiosity from institutional buyers.
Backed by the success of its Kimi fashions, Moonshot AI has emerged as a number one participant amongst Chinese language basis mannequin builders, with acknowledged strengths in each know-how and expertise.
As extra AI firms pursue listings in Hong Kong, main Chinese language AI companies are more and more shifting from personal fundraising to public market pricing and capital entry.
Supply：ZFinTech
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