Bloomberg: Moonshot said to close near $50 billion, eye a 2027 Hong Kong IPO

Moonshot AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward a Hong Kong initial public offering in the first quarter of 2027, according to a Bloomberg account published 6 October and citing people familiar with the matter. Bloomberg’s own article page did not open. The Japan Times, The Straits Times, and The Business Times each carry the story and credit Bloomberg. The round size, the amount of money raised, is not in that copy. The figure they print is a valuation.

What the copy says

The Japan Times text says Moonshot has begun laying the groundwork for early-look meetings with investors starting as soon as this month. The Straits Times and the Business Times say those meetings start as early as October. The people are unnamed because the information is private. The company is considering raising up to $5 billion in the offering, people familiar have said. Deliberations are ongoing, and the timing of the IPO might still change.

On the record, the copy says Moonshot representatives did not respond to requests for comment during a Chinese public holiday. No other company comment appears in the three versions read here.

A previous round this summer valued the company at $31.5 billion, the copy says. Annual recurring revenue is expected to rise to $2 billion by December from the current $1 billion, people familiar have said. The company achieved $300 million of annual recurring revenue in June, which the copy attributes to an earlier Bloomberg News report. The Beijing lab previously added Bank of America as overall coordinator alongside sponsor banks China International Capital, Deutsche Bank, and Goldman Sachs, and it has filed confidentially for the IPO, people familiar said previously.

The copy says Moonshot was founded in early 2023 by Yang Zhilin, a former Tsinghua University professor who previously worked at Meta and Google. It counts Alibaba, Tencent, and 5Y Capital as backers. Kimi, in this story, is the model line: Kimi K3 debuted in July. Bloomberg describes it as an open model that goes nearly toe-to-toe with leading platforms from OpenAI and Anthropic on some metrics. That comparison is Bloomberg’s characterization.

The same copy says it is unclear how the valuation or the IPO timeline may be affected by tighter oversight after regulators opened a data-security probe into DeepSeek and Moonshot, according to The Information. That probe is Bloomberg citing The Information. A separate Bloomberg account of DeepSeek’s own fundraising is in Bloomberg: DeepSeek nears an 80 billion yuan round. This brief does not restate that round.

The Straits Times body pairs about US$50 billion with S$64 billion in parentheses. The Japan Times and the Business Times do not print that Singapore-dollar figure. This brief treats S$64 billion as the Straits Times conversion beside the shared dollar valuation.