Moonshot AI to commence pre-IPO financing in August, targeting a $50 billion valuation and a Hong Kong listing.

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Moonshot AI, a leading Chinese AI company, is set to commence Pre-IPO financing in August 2026, targeting a $50 billion valuation and a listing on the Hong Kong exchange. The company recently secured funding at a $315 billion valuation, with its 280-billion-parameter model, Kimi K3, driving annualized recurring revenue to $300 million by June. Daily sales have increased sixfold since launch. This development aligns with the growing trend of AI + crypto integration, as major players explore hybrid funding and listing strategies.

ME News, July 21 (UTC+8), Chinese large model company Moonshot AI is planning to begin Pre-IPO funding talks starting in August, with a target valuation of up to $50 billion and plans to list in Hong Kong. The company has just completed a funding round at a $31.5 billion valuation, expected to close within days, after which it will immediately launch its next round—the final one before IPO. According to sources cited in the report, Moonshot’s open-source large model Kimi K3, with 280 billion parameters, generated an annualized recurring revenue of $300 million in June, up significantly from $200 million in April, with daily sales increasing at least sixfold since K3’s launch.(Source: Bloomberg)

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