Moonshot AI, a Beijing-based AI startup behind the Kimi K3 model, may explore dual listings in Hong Kong and Shanghai to raise capital and reach more investors, according to two people familiar with the matter.

The people said Moonshot discussed arrangements for a Hong Kong initial public offering with its backers in July.

Since then, the company has hinted at a later mainland listing, likely on the Shanghai Stock Exchange’s tech-focused STAR Market.

The company is also undertaking a final funding round that could value it at about US$50 billion.

The sources said Moonshot’s interest in a mainland listing may partly reflect the weaker performance of AI stocks in Hong Kong and a crowded pipeline of companies seeking to go public there.

🔗 Source: South China Morning Post

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