Bloomberg reports Moonshot AI closed its final private round at about a $50B valuation and is preparing for a Q1 2027 Hong Kong IPO

What changed

Bloomberg reported on October 6, citing people familiar with the matter, that Moonshot AI (Kimi) has closed its final private fundraising round at a valuation of about $50 billion and is preparing for a Hong Kong IPO in the first quarter of 2027. The company is reportedly laying groundwork for early-look investor meetings as soon as this month, and the offering could seek up to $5 billion. The report says deliberations are ongoing and details may change; Moonshot has not publicly announced an IPO completion, so this entry treats the financing and listing plan as credible media reporting rather than a confirmed public offering.