Export controls went after China’s chips. They never touched the capital, and Moonshot is reportedly seeking $5bn.
TL;DR
Moonshot AI is weighing a Hong Kong listing of up to $5bn as soon as this year, Bloomberg reports, having filed confidentially and added Bank of America alongside CICC, Deutsche Bank and Goldman Sachs. Zhipu and MiniMax already listed in Hong Kong in January, ahead of OpenAI and Anthropic. The argument here is that US export controls were aimed at chips and never touched capital, and Western banks are underwriting the result.
Moonshot AI is considering raising up to $5bn in a Hong Kong initial public offering as soon as this year, Bloomberg reported on Friday. Dong Cao, Julia Fioretti, Pei Li and Luz Ding sourced the account to people familiar with the matter, who asked not to be identified because the information is private.
The Beijing lab has filed confidentially and added Bank of America as overall coordinator alongside sponsor banks China International Capital Corporation, Deutsche Bank...
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