Bloomberg: Bank of America exits talks to underwrite Moonshot AI's Hong Kong IPO

PANews October 14 news, according to Bloomberg, Bank of America (BofA) is no longer in talks to join the underwriting team for a potential Hong Kong IPO of Chinese AI company Moonshot AI. People familiar with the matter said Bank of America had previously discussed serving as overall coordinator for the IPO but ultimately did not receive a formal mandate. Both Bank of America and Moonshot AI declined to comment. It is reported that Moonshot AI is expected to list in Hong Kong as early as the first quarter of 2027, with fundraising potentially reaching $5 billion.