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Kling AI Picks Banks for HK IPO
Per Bloomberg, Kling AI selected CICC, Goldman and UBS to lead its HK IPO, targeting at least $1B raise.
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According to a Bloomberg report on October 6, Kuaishou's subsidiary Kling AI has selected China International Capital Corporation (CICC), Goldman Sachs, and UBS as underwriters for its planned Hong Kong IPO.
The offering aims to raise at least $1 billion, with a target listing date as early as next year. This follows a $2.8 billion funding round completed in July, which valued the company at approximately $15 billion pre-money.
Sources noted that discussions are ongoing, and details such as the final fundraising size and timeline remain subject to change.