Moonshot AI (Kimi) IPO Underwriting List Changes: Bank of America Talks Fall Through, Goldman Sachs Becomes Sole U.S. Investment Bank

Beating AI News Flash: Moonshot AI's Hong Kong IPO investment bank lineup has changed. On October 6, Bloomberg still listed Bank of America as an overall coordinator. Just 8 days later, the latest reports say BofA had only been in talks for the role and was ultimately not formally appointed, and has now withdrawn from the list of potential underwriting banks. Goldman Sachs remains a sponsor alongside CICC and Deutsche Bank, and is currently the only U.S. bank involved in the IPO.

Moonshot AI has confidentially filed for a Hong Kong stock listing, with a listing as early as Q1 2027 and plans to raise up to $5 billion. The company has completed its final private funding round at a valuation of about $50 billion, up from $31.5 billion this summer. Moonshot AI is now preparing to approach potential investors to gauge market demand.