According to reports, the AI large model company Moonshot plans to submit an IPO application to the Hong Kong Stock Exchange as early as this month, with an estimated fundraising scale of about $3 billion. However, as of now, Moonshot has not publicly responded to or confirmed this information.

According to the information, Moonshot recently completed a Series F financing round exceeding $3.5 billion, with a post-investment valuation of $35 billion. It is reported that due to the funding amount in this round exceeding three times the original target, the company has ended the Series F financing earlier and has advanced the start of the Series G (Pre-IPO) round, which was originally scheduled for August, with a pre-investment valuation further increased to $50 billion.

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An insider close to Moonshot said that the previous round of financing reached $3.5 billion, while the IPO fundraising target is around $3 billion. There is a certain discrepancy in the scale of funds, so the market still keeps a close eye on the related listing plan.

In recent years, as the AI large model industry has entered an accelerated commercialization phase, the frequency of financing and capital operations among leading AI companies has significantly increased. Moonshot has gained attention in the domestic AI application market with its large model product Kimi, and its capital activities have become an important window for observing the commercialization process of Chinese AI companies.