BlockBeats News, March 26 — Bloomberg reports that the parent company of AI chat assistant Kimi, Moon Shadow, is in the preliminary stages of considering an initial public offering in Hong Kong. They have already held discussions with China International Capital Corporation (CICC) and Goldman Sachs regarding the listing. The specific timing has not been determined, and plans are still underway; it may also be canceled. Both Goldman Sachs and a spokesperson for Moon Shadow declined to comment, and CICC did not respond.
After raising over $700 million earlier this year, Moon Shadow is negotiating a new round of funding, with a maximum target of $1 billion. Following this round, the company’s valuation would reach approximately $18 billion. At the end of last year, its Series C valuation was about $4.3 billion, and it has since rapidly increased. In an internal letter at the end of last year, founder Yang Zhilin stated that the company has 10 billion RMB in cash and is “not in a rush to go public.” There were also rumors in December last year about a backdoor listing, which the company denied.
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