Bank of America leaves bank roster for Moonshot AI's planned IPO amid US scrutiny
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What happened
Bloomberg reported on October 14, 2026 that Bank of America was no longer part of the potential roster of banks working on an initial public offering of Moonshot AI, the Chinese artificial intelligence company. The report cited people familiar with the matter, who were not named, and its headline said the bank was no longer in talks to arrange the offering. Bloomberg linked the change to the scrutiny Moonshot AI faced in the United States.
The planned listing was in Hong Kong. Bloomberg's report was the only source for the event, and its available text gave no offering size, valuation, listing date or timetable for the IPO. Neither Moonshot AI nor Bank of America was quoted in that text, and no other bank's role was confirmed in it.
Key points
- Bloomberg reported on October 14, 2026 that Bank of America was no longer on the potential roster of banks for Moonshot AI's IPO.1
- The report linked the change to US scrutiny of Moonshot AI and cited unnamed people familiar with the matter.1
- Bloomberg's headline said the bank was no longer in talks to arrange the offering, which was planned for Hong Kong.1
- No offering size, valuation or timetable was given in the available text of the report.1
Why it matters
A bank leaving the potential roster narrows the group that could place Moonshot AI shares in an offering. Bloomberg tied the exit to US scrutiny, not to terms or pricing.
For holders of Moonshot AI stock, an IPO is the route to a public market, and it runs through the banks that arrange it. The report said one US bank was no longer among them and gave no timetable.
The event rests on one report citing unnamed people, with no comment from either company in the available text.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Angel round | Jun 13, 2023 | $300M | $200M | Unknown |
| Series A+ | Feb 20, 2024 | $2.5B | $1.0B | Alibaba |
| Series B | Aug 5, 2024 | $3.3B | $300M | Unknown |
| Series C | Dec 2025 | $4.3B | $500M | IDG Capital |
| Funding round | Feb 2026 | $10B | $700M | 九安医疗 (Jiuan Medical) and 五源资本 (5Y Capital) |
| Series F | Jul 29, 2026 | $35B | $3.5B | National AI Industry Investment Fund |
Updated
Fact-check
- Bank of America was no longer part of the potential roster of banks working on Moonshot AI's IPO.Stated by [1] Bloomberg, citing people familiar with the matter; the headline says the bank is no longer in talks to arrange the IPO.Verified
- The change came as Moonshot AI faced scrutiny in the US.Stated by [1] Bloomberg, which describes the company as facing scrutiny in the US.Verified
- The report was published on October 14, 2026.[1] Bloomberg is dated October 14, 2026 in its URL and listing.Verified
- The IPO was planned in Hong Kong.Hong Kong comes from the event record; the available text of [1] Bloomberg does not mention the venue.Partly verified
Sources
- [1]Bloomberg (opens in a new tab)BofA No Longer in Talks to Arrange IPO of China's Moonshot AIno longer part of the potential roster of banks working on Moonshot AI's initial public offering
