Source: Dark Side of the Moon is considering listing in Hong Kong and has started negotiations with Goldman Sachs and other companies

According to a report by Bloomberg, the parent company of AI chat assistant Kimi, Moon Dark Side, is in the preliminary stage of considering an initial public offering in Hong Kong and has started negotiations with China International Capital Corporation and Goldman Sachs on listing cooperation. The specific time has not yet been determined, and planning is still being advanced and may not be advanced in the end. Spokespersons for Dark Moon and Goldman Sachs declined to comment, but CICC did not respond.<br /> After completing more than US$700 million in financing earlier this year, Dark Side of the Moon is negotiating a new round of financing with a scale of up to US$1 billion. After this round of capital increase, the valuation will reach approximately US$18 billion. At the end of last year, its Series C valuation was approximately US$4.3 billion, and its valuation has since risen rapidly. Founder Yang Zhilin said in an internal letter at the end of last year that the company has 10 billion yuan in cash and "is not in a hurry to go public in the short term." In December last year, there were rumors of "backdoor listing", which was denied by the company.<br /> Competitors on the same track, Intelligent Spectrum and MiniMax (Xiyu Technology) have been listed on the Hong Kong Stock Exchange. With the help of investor enthusiasm triggered by their peers 'listings, Dark Side has been accelerating financing in the private equity market.