Woofun AI reports that Moonshot AI has distributed a listing proposal to investors, aiming for a Hong Kong IPO within six months. The company cites ripe timing after achieving $300 million in annual recurring revenue by June, with ARR tripling over three months following the Kimi K3 launch. Kimi K3 demonstrates comprehensive capabilities rivaling Claude Fable 5 and GPT-5.6, while maintaining pricing comparable to Anthropic's Sonnet.