MOONSHOT AI EYES EARLY 2027 HONG KONG IPO AFTER VALUATION HITS $50B Chinese AI startup Moonshot AI has completed its final private funding round at a valuation of about $50B and is preparing for a potential Hong Kong IPO in Q1 2027. The company is considering raising as much as $5B and could begin early investor meetings as soon as this month. Moonshot’s ARR is currently around $1B and is expected to reach $2B by December, up from roughly $300M in June. The company, known for its Kimi AI models, was valued at $31.5B in a previous funding round this summer. Bank of America is serving as overall coordinator for the IPO alongside CICC, Deutsche Bank and Goldman Sachs. Moonshot has reportedly already filed confidentially for the listing. Alibaba, Tencent and 5Y Capital are among its existing backers. The IPO timing could still change, with Moonshot also reportedly facing a Chinese regulatory data-security probe alongside DeepSeek. Source: Bloomberg