Moonshot AI hits $50 billion valuation and eyes early 2027 Hong Kong IPO
Chinese artificial intelligence startup Moonshot AI has closed its final private funding round at a $50 billion valuation and is planning a Hong Kong IPO in early 2027 that could raise up to $5 billion.
Moonshot AI, the Chinese startup behind the Kimi chatbot, completed its final private funding round at an estimated $50 billion valuation and is preparing for a Hong Kong initial public offering as early as the first quarter of 2027, according to a Bloomberg report. The Beijing-based AI firm is considering raising as much as $5 billion, setting the stage for what could be one of the financial hub's largest listings in years.[1][2][3][4][5]
The round marks a steep increase from the summer of 2026, when Moonshot AI was valued at $31.5 billion. The company's annualized recurring revenue has grown rapidly, rising from approximately $300 million in June 2026 to around $1 billion, with expectations to hit $2 billion by December. Existing investors in the company include tech giants Alibaba and Tencent, alongside venture firm 5Y Capital.[2][3]
Preparations for the public offering are already advancing. Moonshot AI has filed confidentially for the Hong Kong listing and may initiate preliminary investor meetings as early as October 2026. Bank of America is acting as overall coordinator alongside CICC, Deutsche Bank, and Goldman Sachs. Listing timing could still shift, however, as Moonshot AI is reportedly subject to a Chinese regulatory data-security inquiry alongside fellow AI developer DeepSeek.[2]
Key facts
- Moonshot AI completed its final private funding round at a $50 billion valuation, up from $31.5 billion in summer 2026.
- The company is targeting a Hong Kong IPO in early 2027, potentially in Q1, aiming to raise up to $5 billion.
- Moonshot AI has confidentially filed for the IPO, with Bank of America serving as overall coordinator alongside CICC, Deutsche Bank, and Goldman Sachs.
- Moonshot AI's annualized recurring revenue sits around $1 billion, up from $300 million in June 2026, and is projected to reach $2 billion by December 2026.
- Existing backers of Moonshot AI include Alibaba, Tencent, and 5Y Capital.
- Moonshot AI is reportedly facing a Chinese regulatory data-security probe alongside DeepSeek.
Sources · 4 sources
- BL
Bloomberg@businessPost on X ·
Moonshot AI closed its final private funding round at a $50 billion valuation and is targeting a Hong Kong IPO in early 2027 https://t.co/Y61yHW4pfW
Open source - WS
Wall St Engine@wallstenginePost on X ·
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
Open source - QU
Quartz@qzPost on X ·
China's $50B AI unicorn is eyeing one of Hong Kong's biggest IPOs in years Moonshot AI, maker of the Kimi chatbot, is targeting a $5 billion Hong Kong IPO in early 2027 after its valuation surged from $31.5B to $50B — and its revenue tripled in #MoonshotAI #HongKongIPO #KimiAI https://t.co/JQ8OuYjpfh
Open source - TE
Techmeme@TechmemePost on X ·
Sources: Moonshot AI closes its final private funding round at a ~$50B valuation and is targeting a Hong Kong IPO in Q1 2027 to raise up to $5B (Bloomberg) (Visit Techmeme dot com for the link and full context!)
Open source - QU
Quartz@qzPost on X ·
China's $50B AI Unicorn Eyes Massive Hong Kong IPO Moonshot AI, the Beijing startup behind the Kimi chatbot, is targeting a Hong Kong IPO in early 2027 and could raise up to $5 billion at a staggering $50 billion va https://t.co/KIzcfWfck4 #MoonshotAI #HongKongIPO #KimiChatbot https://t.co/7KFuLFF5it
Open source