PANews|Oct 14, 2026 04:52
[Bloomberg: Bank of America Withdraws from Moonshadow's Hong Kong IPO Underwriting Talks]
According to Bloomberg, Bank of America (BofA) is no longer involved in discussions to join the underwriting team for the potential Hong Kong IPO of Chinese AI company Moonshadow. Sources revealed that Bank of America had previously negotiated to serve as the overall coordinator for the IPO but ultimately was not formally appointed. Both Bank of America and Moonshadow declined to comment. It is reported that Moonshadow is expected to go public in Hong Kong as early as the first quarter of 2027, with a fundraising target of up to $5 billion.
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