According to ChainCatcher, citing LatePost, Kimi’s parent company, Moonshot AI, has confidentially submitted an A1 application to the Hong Kong Stock Exchange, officially initiating its HK IPO process. The company is also advancing a new round of funding at a pre-money valuation of approximately $50 billion, expected to be the final round before the IPO. Citing public and market information, the report states that Kimi has accelerated its model iterations this year, releasing K2.5, K2.6, and K3 in succession, with updates rolling out roughly every three months. On the revenue side, Kimi’s annualized recurring revenue (ARR) surpassed $100 million in early March and grew to around $300 million by mid-June; after the launch of K3, enterprise ARR increased several-fold. As usage volume and computing power demand rise, Moonshot AI has elevated its valuation from approximately $4.3 billion at the end of 2025 to the current level of about $50 billion through multiple funding rounds.
Kimi's parent company, Yue Zhi An Mian, files for a Hong Kong IPO with a $500 billion valuation.
ChaincatcherShare
Summary
Yue Zhi An Mian, the parent company of Kimi, filed for an IPO in Hong Kong with a $500 billion valuation. The company is also in the news for project funding, seeking a final funding round prior to going public. Kimi released K2.5, K2.6, and K3 this year, with ARR reaching $300 million by mid-June. Enterprise revenue surged following the launch of K3. The company’s valuation rose from $4.3 billion to $500 billion across multiple funding rounds. New token listings and funding developments are closely monitored in the crypto market.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.