Kimi K3 creator eager to go public after US AI giant – Moonshot AI wants to raise $3 billion

The principle of “strike while the iron is hot” is not only understood in the West, but also among Chinese artificial intelligence startups. Therefore, Moonshot AI, which created the acclaimed artificial intelligence model Kimi K3, decided not to postpone the public offering of shares and submitted the corresponding application in Hong Kong. This news was confirmed by some Chinese media mechanism Reuters.

Image source: Unsplash, Ethan Chen

Moonshot AI had an estimated capitalization of $50 billion in this funding round before entering the stock exchange. There are no details on what will happen after the IPO, but as a result of the incident, the company plans to raise $3 billion in the stock market. The terms of the upcoming initial public offering and its timing will depend on regulatory approval of the application and many other factors.

The startup has already had to give up foreign assets and register in China to gain the right to file for an initial public offering in Hong Kong. It is reported that Goldman Sachs and Deutsche Bank are participating in preparations for the company’s listing. This year, U.S. companies related to artificial intelligence have broken records both in terms of capital size and the number of funds raised and taken public. SpaceX successfully raised $85.7 billion in June, Anthropic has scheduled an IPO this fall and hopes to break SpaceX’s record, while OpenAI prefers to wait until next year to go public on more favorable terms.