Moonshot AI Files for Hong Kong IPO: What You Need to Know About the $3 Billion Listing

TLDR

• Moonshot has confidentially filed for a Hong Kong IPO, aiming to raise $3 billion
• The company is valued at $50 billion in its latest funding round
• Its Kimi K3 model is claimed to be the world’s largest open-weight model with 2.8 trillion parameters
• Moonshot is in talks with Microsoft, Amazon, and Google on revenue-sharing agreements
• The company faces scrutiny from U.S. officials over allegations of using restricted Nvidia chips

Chinese AI startup Moonshot has confidentially filed for a Hong Kong initial public offering, according to three sources familiar with the plans. The Beijing-based company is looking to raise around $3 billion from the listing.

MOONSHOT AI FILES CONFIDENTIALLY FOR HONG KONG IPO

Chinese AI startup Moonshot, developer of the Kimi model, has confidentially filed for a Hong Kong IPO and is targeting roughly $3B in proceeds, per Reuters.

The company is being valued at about $50B in an ongoing funding… pic.twitter.com/k6xz7B7RTJ

- Wall St Engine (@wallstengine) September 3, 2026

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