Kimi maker Moonshot AI to explore dual Hong Kong and Shanghai IPOs to boost capital: sources

Chinese Artificial Intelligence start-up Moonshot AI, developer of the popular Kimi K3 model, may explore options for dual listings in Hong Kong and Shanghai in pursuit of greater capital and exposure, according to two people familiar with the matter.Since a meeting with its financial backers in July, when the Beijing-based company negotiated detailed arrangements for an initial public offering in Hong Kong, it has hinted at options to also list on a mainland bourse afterwards, one source said.On the mainland, Moonshot was likely looking at the Shanghai-stock-exchange" class="entity-link entity-organization" data-entity-id="17136" data-entity-type="organization">Shanghai Stock Exchange’s tech-heavy Star Market and may soon begin negotiations, according to the other source. The Star Market has attracted many Chinese technology stars recently, including ChangXin Memory Technologies and Unitree Robotics, while awaiting other big names like DeepSeek and Yangtze Memory Technologies.