Moonshot Said to Eye Early 2027 IPO After Value Hits $50 Billion
The Beijing-based AI lab reached $300 million in annualized recurring revenue and is considering raising up to $5 billion in the listing, people said.
- On Tuesday, Beijing-based Moonshot AI closed its final private fundraising round at about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of 2027, according to people familiar with the matter.
- Founded in early 2023 by Yang Zhilin, a former Tsinghua University professor who previously worked at Meta Platforms Inc. and Alphabet Inc., Moonshot counts Alibaba Group Holding Ltd., Tencent Holdings Ltd., and 5Y Capital as backers with its valuation climbing from $31.5 billion this summer.
- Moonshot's annual recurring revenue is expected to rise to $2 billion by December from the current $1 billion, after reaching approximately $300 million in June from roughly $200 million in April, with the current valuation standing at more than 160 times annualized revenue.
- The company has filed confidentially for the IPO and begun early-look meetings this month to gauge investor sentiment while considering raising up to $5 billion, though people familiar with the matter said timing may still change.
- Regulatory uncertainty clouds the outlook, as authorities opened a data-security probe into Moonshot and DeepSeek, adding to broader governance concerns, while the planned Hong Kong IPO remains one of the most anticipated deals in the market.
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According to the Bloomberg agency, which cites sources familiar with the project, the Chinese company intends to lay the groundwork to "assess the sentiment of investors", through preliminary meetings that may start this month.
(Seoul = Yonhap News) Reporter Jung Joo-ho = Chinese artificial intelligence (AI) startup Moonshot AI has been valued at $50 billion (approximately 68 trillion won), marking the final investment before its IPO...
Watch Moonshot Said to Eye Early 2027 IPO After Value Hits $50 Billion
Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter.
The Chinese AI developer has completed its last private financing round. With the planned IPO in Hong Kong, the company expects billions of dollars.
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