Moonshot AI Fast-Tracks Hong Kong IPO To Six Months At $30 Billion Valuation
Chinese AI developer Moonshot has informed investors of a plan to list on the Hong Kong Stock Exchange in as soon as six months, following a shareholder resolution and a funding round valuing the startup at more than $30 billion.
The listing follows the recent release of the Kimi K3 model, which drove annual recurring revenue to $300 million in June, up from $200 million two months prior.
From the sources (11 posts)
@jukan05According to mainland Chinese media reports, Kimi has informed investors that it is adjusting its corporate structure in preparation for a Hong Kong IPO, which could be completed in as little as six months.
@zephyr_z9KIMI IPO incoming
@businessMoonshot has told investors it’s preparing to list in as early as six months, after its latest model upended industry perceptions of China’s burgeoning capabilities and sent global tech stocks reeling
@firstsquawkMoonshot has told investors it’s preparing to list in as early as six months, after its latest model upended industry perceptions of China’s burgeoning capabilities and sent global tech stocks reeling
@techmemeSources: Kimi developer Moonshot told investors it is preparing for a Hong Kong IPO in as early as six months; its ARR hit $300M in June, up from $200M in April (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@zerohedgeMOONSHOT SAID TO BE PLANNING FOR HONG KONG IPO IN NEXT 6 MONTHS
@andrewcurran_Following the success of Kimi K3, Moonshot AI has informed investors that it plans an IPO in Hong Kong within the next six months, according to Bloomberg.
@firstsquawkAI breakthrough from Chinese firm rattles investors, sending US stocks lower.
@kimmonismusChina’s Moonshot AI is reportedly preparing a Hong Kong IPO within six months after Kimi K3 reshaped perceptions of the country’s frontier AI capabilities. Bloomberg says the company has distributed a shareholder resolution and is closing
@cointelegraph🇨🇳 BIG: China's Moonshot AI is preparing for a Hong Kong IPO as early as six months after its latest AI model shook global tech markets.
@stockmktnewzMoonshot the company behind the popular Chinese 🇨🇳 AI model Kimi model is planning to go public in China later this year