# Moonshot AI Files for $3 Billion Hong Kong IPO at $50 Billion Valuation

*2026-09-04 18:01 UTC · Business · 1 min read*

> Moonshot AI confidentially filed for a Hong Kong IPO targeting $3 billion at up to a $50 billion valuation, fueled by demand for its Kimi K3 model.

Beijing-based Moonshot AI, maker of the Kimi chatbot, confidentially filed for a Hong Kong IPO on September 3, targeting roughly $3 billion at a valuation of up to $50 billion. That is a sharp jump from the roughly $30 billion valuation the company reached in a funding round just last month.

The catalyst is Kimi K3, a 2.8-trillion-parameter open-weight model released in July that Moonshot says is now straining its computing capacity. The company raised more than $2 billion from Meituan, China Mobile and CPE in its latest round, pushing total funding past $5.5 billion, and is reportedly in talks with Microsoft, Amazon and Google over possible revenue-sharing deals. Goldman Sachs, CICC and Deutsche Bank are working on the offering, which could launch by year-end.

Hong Kong IPOs have raised $41.2 billion so far in 2026, up 142% year over year, and Moonshot's leap puts it alongside rivals DeepSeek (around $74 billion) and Z.AI (around $66 billion) in a wave of Chinese AI labs racing to tap public markets.

## Sources

- [techstartups.com](https://techstartups.com/2026/09/03/chinese-ai-startup-moonshot-files-for-3-billion-hong-kong-ipo-at-50-billion-valuation/)
- [finance.yahoo.com](https://finance.yahoo.com/technology/ai/articles/moonshot-ai-eyes-50-billion-151346997.html)

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TechTools News · https://techtools.cz/tools/news/article/2313-moonshot-ai-files-for-3-billion-hong-kong-ipo-at-50-billion-valuation
Česká verze: https://techtools.cz/tools/news/clanek/2386-moonshot-ai-podala-zadost-o-ipo-v-hongkongu-za-3-miliardy-dolaru-pri-oceneni-50