The Dark Side of the Moon (Kimi) is now valued at over $30 billion, prior to its disclosed Hong Kong IPO plan.

According to ChainNews, Bloomberg reported, citing unnamed sources, that the Dark Side of the Moon has sent a shareholder resolution to investors, seeking approval for a Hong Kong IPO. The relevant notification process has been initiated, and the earliest possible listing could be within six months.

The Dark Side of the Moon is also in the process of completing a new round of financing, with a valuation that could exceed $30 billion. Its annualized recurring revenue (calculated based on current revenue extrapolated for the next 12 months) reached $300 million in June, up from $200 million in April.

The IPO preparation preceded the release of Kimi K3 and was not a last-minute decision after the model went live. However, the launch of Kimi K3 did amplify market attention. With a parameter of 2.8 trillion, it led to simultaneous declines in US chip stocks and Hong Kong AI stocks post-launch.

The Dark Side of the Moon has begun dismantling its Variable Interest Entity (VIE) structure and is in discussions with CICC and Goldman Sachs regarding potential underwriting arrangements. The company has not yet responded to the IPO plan.