Woofun AI reports that Moonshot AI intends to finalize its overseas red-chip structural adjustments before the end of this month, facilitating domestic financing and initial public offering preparations. The company may list on the Hong Kong capital market as early as this year.

Sources indicate the firm plans to initiate final pre-IPO financing negotiations in August, aiming for a valuation of up to $50 billion by leveraging market interest in its latest large language model. A financing round launched this summer is expected to close within days at a valuation of approximately $31.5 billion, after which new talks with potential investors will commence immediately.