[The Dark Side of the Moon (Kimi) Considering Dual Listing on HKEX and STAR Market] Beating AI Newsflash: The Dark Side of the Moon is considering simultaneous listings on the Hong Kong Stock Exchange (HKEX) and the STAR Market. The company has already confidentially submitted its IPO application for HKEX and is now signaling to investors that it is considering listing on the STAR Market after its HKEX debut. Currently, the STAR Market plan is still in the exploratory stage and has not been finalized by the company. On the HKEX side, The Dark Side of the Moon aims to raise approximately $3 billion, with the earliest listing potentially happening in the first quarter of 2027. The company is advancing its final pre-IPO funding round, with a valuation of around $50 billion. One of the reasons The Dark Side of the Moon is considering a STAR Market listing is the recent weak performance of AI company stocks on HKEX, coupled with the long queue of companies waiting to go public. Dual listings could provide an additional financing channel and attract a broader range of investors. In June of this year, the STAR Market specifically relaxed its fifth set of listing standards for large-model companies, allowing enterprises without a significant revenue scale to apply. One of the requirements is that the company must have at least one large-model product launched and achieving scaled application. [Original Link]