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Moonshot AI Begins Offshore Restructuring as It Weighs 2027 Hong Kong IPO
The proposed route would have the Kimi developer buy back offshore shares held by dollar investors, then invest the associated funds in its mainland entity.

Moonshot AI has begun dismantling its offshore holding structure as it weighs a Hong Kong IPO as early as 2027.
The proposed reorganization would start with the company buying back offshore shares from investors who put in dollars. Moonshot would then arrange for the related funds to be invested in its mainland entity.
Moonshot has also weighed a Hong Kong IPO at a valuation of about $50 billion.