Moonshot AI is planning to file for an initial public offering in Hong Kong in the second half of 2026, according to a Techub News item citing CryptoBriefing. The report said the company’s valuation has climbed from $4 billion at the end of 2025 to roughly $20 billion to $30 billion, with its latest funding round totaling about $2 billion. On July 17, 2026, Moonshot AI released Kimi K3, an open-source coding model with 2.8 trillion parameters. The report added that the model outperformed Claude and GPT in coding benchmark tests. Moonshot AI is also said to be preparing to dismantle its Cayman Islands-registered VIE structure and shift to a joint-venture model designed to preserve the rights of foreign shareholders.
Moonshot AI plans to file for an IPO with the Hong Kong Stock Exchange in the second half of 2026, according to Techub News, which cited CryptoBriefing.
The report said the company’s valuation has risen from $4 billion at the end of 2025 to about $20 billion to $30 billion. Its latest funding round was worth about $2 billion.
On July 17, 2026, Moonshot AI released Kimi K3, an open-source coding model with 2.8 trillion parameters. According to the report, the model scored better than Claude and GPT on coding benchmark tests.
Moonshot AI also plans to remove its Cayman Islands-registered VIE structure and switch to a joint-venture model in order to retain the rights of foreign shareholders.
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