Three people with knowledge of the plans said that Chinese AI startup Moonshot has confidentially filed for a Hong Kong initial public offering. ^[1] Moonshot, a Chinese AI company, has confidentially submitted an IPO application in Hong Kong according to three sources familiar with the plans. ^[2] One of the people said that Moonshot is aiming to raise $3 billion in the offering. ^[3] Two separate sources said that Moonshot has been valued at $50 billion in an ongoing funding round. ^[4] If the listing is finalized, Moonshot AI's IPO could become one of the largest in Hong Kong in recent years. ^[5] Reports from the Chinese technology-focused publication LatePost and the news agency Reuters confirmed that Moonshot AI submitted a confidential IPO application. ^[6] The Hong Kong initial public offering is subject to approval by Chinese regulatory authorities. ^[7] Two sources familiar with the IPO process said that Moonshot had to unwind its offshore incorporation structure and change it to onshore China domicile before the IPO filing. ^[8] Moonshot is collaborating with investment banks Goldman Sachs, CICC, and Deutsche Bank for the listing. ^[9]