Moonshot targets HK IPO in early 2027 after funding round at $50 bln valuation- Bloomberg

Moonshot AI, a Chinese artificial intelligence company, has successfully completed its final private funding round with a valuation of around $50 billion, according to Bloomberg. The company plans to pursue an initial public offering in Hong Kong during the first quarter of 2027, as reported by the news outlet. People familiar with the situation have shared this information with Bloomberg.

The Chinese AI startup has been gaining traction this year, particularly with its Kimi K3 model, which has been performing impressively against major offerings from industry giants like Anthropic and OpenAI. As a result, Moonshot has become increasingly popular among developers and investors alike.

Moonshot's Beijing-based team is considered one of China's leading generative AI developers. The company's success in the private funding market has ignited interest in Chinese AI IPOs, which gained significant attention in 2026 after several frontier labs and chipmakers successfully listed their shares.