Kuaishou's Kling AI reportedly picks banks for Hong Kong IPO of at least $1 billion, IT Home reports
Reported by IT Home · not yet confirmed by the company or a second independent outlet. We update this page when it is.
Kuaishou's Kling AI has selected underwriters for a Hong Kong IPO aiming to raise at least $1 billion, IT Home reported, citing people familiar with the matter. The company is working with CICC, Goldman Sachs and UBS, and targets a listing as early as next year.
China context
- Original name
- 可灵 AI
- Outside China
- Not stated in the sources yet
- Claims
- Company-reported; not yet independently evaluated
- For builders
- If Kling AI lists, it may gain resources to expand API access and developer tools for AI video generation, potentially increasing competition for developers outside China.
- For investors
- The reported IPO plans signal that Chinese AI video companies are seeking public market capital; investors can monitor the filing to assess valuation and demand.
Translated from Chinese. Quotes and facts link to the original sources.
Kling AI, the AI video generation unit of Kuaishou, has chosen banks including CICC, Goldman Sachs and UBS to prepare for a Hong Kong initial public offering, according to IT Home, which cited people familiar with the matter. The IPO could raise at least $1 billion, with a listing targeted for as early as next year. Discussions are ongoing and details such as the fundraising size and timing may still change. Kling AI was founded in 2024 and completed a $2.8 billion funding round in July, with investors including Alibaba, Tencent and Baidu, giving it a pre-money valuation of about $15 billion. The company competes with ByteDance's Seedance and startups ShengShu AI and PixVerse, which also plan Hong Kong IPOs.
The evidence does not include technical details about Kling AI's models or infrastructure. The reported IPO preparation is a corporate finance event, not a product or model release.
Kling AI's reported IPO would give it capital to compete with ByteDance's Seedance and other AI video startups, potentially intensifying the race for enterprise and consumer video generation customers. Investors outside China can track whether the listing proceeds and at what valuation, as it would set a benchmark for Chinese AI video companies.
If completed, the IPO would provide Kling AI with significant funding to expand its AI video services and compete in the global market. The reported $1 billion raise and $15 billion pre-money valuation indicate strong investor interest in Chinese generative AI video.
The next verifiable signal is an official filing or announcement from Kling AI or the Hong Kong Stock Exchange confirming the IPO application. Until then, the reported plans remain unconfirmed.