Moonshot said to eye early 2027 IPO after value hits $50 billion
The Chinese AI champion has also begun laying the groundwork to gauge investor sentiment through early-look meetings starting as soon as this month.
Moonshot AI, a leading Chinese artificial intelligence company, is set to go public in Hong Kong as early as early 2027, according to sources familiar with the matter. The company recently completed its final round of private fundraising, bringing its valuation to approximately $50 billion. Moonshot AI is also preparing to gauge investor sentiment through early meetings starting this month.
The planned IPO, one of the most anticipated deals in Hong Kong, could raise up to $5 billion, though the exact valuation and timeline may be impacted by increased oversight of China's AI industry due to a data-security probe. Moonshot AI, founded in 2023 by Yang Zhilin, has already achieved significant milestones, including a $2 billion annual recurring revenue expected by December.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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