Crypto▲ Bullish
Moonshot AI Targets $30B Hong Kong IPO as Revenue Hits $300M
Moonshot AI is preparing for a Hong Kong IPO at a valuation above $30 billion. Revenue hit $300 million in mid-June. The AI token market cap sits at $21.7 billion as crypto stays muted.
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Moonshot AI is preparing to list in Hong Kong, targeting a valuation above $30 billion within six months, the company said. Recurring annual revenue rose to about $300 million in mid-June from about $200 million in early April, a 50% increase in roughly two months.
The growth accelerated after the release of the Kimi K3 model, which strengthened the company's competitive position and drew fresh investor interest. Moonshot's valuation has already climbed above earlier estimates of $18 billion to $20 billion through private funding rounds, according to the report.
Shareholder resolutions and corporate restructuring signal that listing preparations are moving forward, the company said. Sustaining revenue growth and product adoption will be key to securing the targeted valuation.