Moonshot AI is targeting August 27 for the final closing of its pre-IPO financing round, according to IPO Zaozhidao. The round values the company at approximately USD 50 billion on a pre-money basis, as reported by KrASIA.
While IFR, citing Reuters, suggested that Moonshot AI could apply for a listing on the Hong Kong Stock Exchange as early as August and raise around USD 3 billion, the company has denied these details, calling the IFR report inaccurate.
This development is notable for Japanese investors as it highlights continued strong interest in high-valuation AI companies preparing for public listings in Hong Kong, a market increasingly relevant for global tech equities and capital flows.