Reports on October 6 said Moonshot AI, maker of the Kimi chatbot, plans to go public in Hong Kong next year, valued at $50 billion on an annual revenue run rate around $2 billion. By October 14, Bank of America had dropped off the IPO bank roster, leaving Goldman Sachs as the only U.S. bank involved. Data security investigations into DeepSeek and Moonshot still hang over the listing, and the company has not commented on the bank lineup.