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Oct 6, 2026

Kling AI picks banks for $1 billion Hong Kong IPO

Kuaishou Technology's AI video unit Kling AI has selected banks including CICC, Goldman Sachs, and UBS for a Hong Kong initial public offering targeting at least $1 billion, with a listing planned for as early as next year.

Oct 6, 2026·5 sources
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Top claims

  • ▪MiniMax and Zhipu, both Chinese artificial intelligence developers, listed on the Hong Kong stock exchange in January 2026, with MiniMax's shares more than doubling on its first day of trading.
  • ▪Moonshot AI is preparing for an initial public offering in Hong Kong targeting the first quarter of 2027, aiming to raise up to $5 billion.
  • ▪Following Kling AI's July 2026 private funding round, Kuaishou Technology's ownership stake in Kling AI is expected to be diluted to approximately 68%.

Topics

AI video generatorsHong KongAI startups

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