Moonshot AI's Hong Kong IPO

AI & tech · Heat 1.0 / 10 · 2 shows · 2m airtime

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.

How 2 podcasts covered it

1. Closing Bell, 2026-10-06 (21:36 to 22:44)
   Previews the Moonshot AI Hong Kong listing
   First pass at the reported Moonshot AI Hong Kong listing: the $50 billion valuation, the roughly $2 billion revenue run rate at about 25 times sales, and the DeepSeek and Moonshot data security investigations as an overhang.
   New angle: Moonshot AI is reported to be planning a Hong Kong IPO next year, valued at $50 billion on a ~$2 billion revenue run rate.
2. Bloomberg Tech, 2026-10-14 (18:06 to 19:04)
   Reports Bank of America leaving the IPO roster
   Brief item in the Talking Tech roundup: Bank of America drops off the roster of banks working on Moonshot AI's Hong Kong listing, leaving Goldman Sachs as the only U.S. bank expected to have a role. The first change to the deal's syndicate on the record.
   New angle: Bank of America is out of the Moonshot AI IPO bank roster; Goldman Sachs is the only U.S. bank left.