Kimi parent company Moonshot AI plans an IPO in Hong Kong in early 2027, having already dismantled its offshore structure.

on November 13, Dow Jones, citing sources familiar with the matter, reported that Moonshot AI, developer of the Kimi large model, is considering launching an IPO in Hong Kong in early 2027.

The report noted that Moonshot AI is dismantling its offshore holding structure to pave the way for the listing.

Previously, Bloomberg reported that Moonshot AI has completed its final round of private financing at a valuation of approximately $50 billion. The company is considering raising up to $5 billion in the IPO and has already secretly submitted a listing application to the Hong Kong Stock Exchange. Moonshot AI previously responded to media inquiries, stating it would not comment on market rumors or speculation.