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<IPO>Moonshot AI Reportedly Restructures for HK IPO
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Moonshot AI informed its investors that it will restructure its corporate framework to comply with Beijing's increasingly stringent requirements for Chinese companies seeking overseas listings, paving the way for an IPO in Hong Kong, Bloomberg reported. Moonshot AI purportedly stated in an email that it will begin dismantling its so-called "red-chip structure". Moonshot AI was founded in early 2023 by former Tsinghua University professor Yang Zhilin. Its investors include BABA-W (09988.HK), TENCENT (00700.HK), MEITUAN-W (03690.HK), Xiaohongshu and 5Y Capital. Its latest valuation has crossed USD20 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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