Moonshot AI has told investors that confirmed their interest in its pre-IPO round that the financing will complete its final closing on August 27, according to IPO Zaozhidao. The round, which is underway, values Moonshot AI at about USD 50 billion on a pre-money basis.
IFR, a Reuters publication, reported that Moonshot AI could submit a listing application to the Hong Kong Stock Exchange as early as August and is expected to raise about USD 3 billion. Moonshot AI later said the report was inaccurate.
IPO Zaozhidao understands that Moonshot AI plans to submit its listing application to the Hong Kong Stock Exchange by September 30, with a listing expected by the end of 2026 or in the first quarter of 2027.
Corporate registration records show that Moonshot AI’s onshore entity completed its conversion into a joint stock limited company on July 29, changing its entity type from a limited liability company. The change is viewed as a sign that the company is further standardizing its corporate governance structure and preparing for future capital markets activity.
Reports in May said Moonshot AI had notified shareholders that it had begun adjusting its variable interest entity and red-chip structures, both commonly used by Chinese companies to list offshore, to remove obstacles to a potential Hong Kong listing. Part of the restructuring was expected to be completed around July. Based on currently available onshore corporate registration records, it is not yet possible to confirm whether all of the structural changes have been completed. Some registration information may also be subject to update delays.
