Moonshot AI plans to complete adjustments to its offshore red-chip structure by the end of this month, according to people familiar with the matter cited by Odaily via Jinshi. The move is described as preparation for domestic fundraising and an initial public offering, with the company said to be able to reach Hong Kong’s capital market as soon as this year.
The report also said Moonshot AI is preparing to open talks in August for what could be its final pre-IPO fundraising round. Riding renewed market interest in large language models, the company is seeking a valuation of as much as $50 billion in that process.
Separately, people familiar with the matter said a financing round launched this summer is expected to close in the coming days at a valuation of about $31.5 billion. Once that round is completed, Moonshot AI would immediately begin discussions with potential investors on another raise, which could become the last capital injection before its planned Hong Kong listing.
Moonshot AI plans to complete adjustments to its offshore red-chip structure by the end of this month, according to people familiar with the matter cited by Odaily through Jinshi. The restructuring is intended to pave the way for domestic fundraising and IPO preparations. The company could reach Hong Kong’s capital market as soon as this year.
The report said Moonshot AI is set to begin talks in August on what may be its final fundraising round before a public listing. With fresh market enthusiasm around the latest wave of large language models, the company is seeking a valuation of as much as $50 billion.
Summer financing round may close within days
People familiar with the matter also said Moonshot AI is expected to complete a financing round launched this summer in the next few days. That round values the company at about $31.5 billion.
After that financing is completed, the company would immediately start a new round of discussions with potential investors. According to the report, that raise could become the final capital injection before a Hong Kong listing.
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