Abstract:
On October 6, according to Bloomberg, Dark Side of the Moon has completed the last round of private equity financing, with a valuation of approximately US$50 billion, and is moving towards an initial public offering (IPO) in Hong Kong, China, in the first quarter of next year.
Dark Side of the Moon’s Kimi Chatbot
Some people familiar with the matter said that Dark Side of the Moon has begun preparations and will launch an early IPO preliminary meeting as early as this month to assess investor intentions. People familiar with the matter previously said the company was considering raising up to $5 billion through the IPO.
Dark Side of the Moon is one of the most dazzling star companies in the field of AI in China. In July this year, with the release of Kimi K3, the company entered the global stage. This open model nearly rivals leading platforms from companies like OpenAI and Anthropic on some metrics.
The IPO planned by Dark Side of the Moon is also one of the most anticipated transactions in the Hong Kong stock market. Financing activities triggered by the AI industry are driving the scale of financing in the Hong Kong market to set new records.
People familiar with the matter said that relevant discussions are still ongoing and the IPO schedule may still change. Dark Side of the Moon did not respond to a request for comment due to the National Day holiday.
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