The Dark Side of the Moon (Kimi) is expected to apply for an IPO this month, aiming to raise around $3 billion.

August 3rd. The Dark Side of the Moon project is set to submit its Hong Kong IPO application as early as this month, potentially raising around $3 billion. Data shows that recently, the Dark Side of the Moon just completed a Series F funding round of over $3.5 billion, increasing its post-investment valuation to $350 billion.

It is reported that due to the funding amount exceeding the target by more than three times, the current round of funding has been heavily oversubscribed. The previously planned Series G round, originally scheduled to start in August, has now begun earlier, with a pre-investment valuation of $500 billion. A source close to the Dark Side of the Moon bluntly commented during a conversation with NewTech, saying, "We raised $3.5 billion in the last round, and now the IPO is only raising $3 billion, which sounds a bit off." However, as of the time of publication, the Dark Side of the Moon has not publicly responded to or confirmed this matter.