Sources: Moonshot AI may scrap its Cayman structure for a China or Hong Kong entity to prepare for a Hong Kong IPO and plans to raise funding at ~$18B valuation
Markets will be watching to see if the company can replicate the success of recent listings by other Chinese AI companies
Moonshot AI may restructure its Cayman holding with a China or Hong Kong entity to prepare for a Hong Kong IPO and seek funding at about an $18 billion valuation, the Wall Street Journal reports.