Chinese AI firm Moonshot to explore dual Hong Kong and Shanghai IPOs, SCMP reports

Beijing-based AI startup Moonshot is considering dual listings in Hong Kong and Shanghai to boost fundraising and exposure, the South China Morning Post reported on Thursday, citing two people familiar with the matter.

The developer of the Kimi large language model has discussed plans for a Hong Kong ‌IPO with its ⁠financial ⁠backers and has also floated the possibility of a subsequent mainland listing, according to one of the people who spoke to SCMP.

Moonshot is likely to ​target the Shanghai Stock Exchange’s STAR Market and could soon begin talks with the bourse, the report said.