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Kling AI Reportedly Selects Banks for a Potential $1 Billion-Plus Hong Kong IPO

By Freedom251 Team · · 2 min read

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Kuaishou’s Kling AI has reportedly selected China International Capital Corp. (CICC), Goldman Sachs and UBS to work on a possible Hong Kong IPO targeting at least US$1 billion. Bloomberg’s account, relayed by The Information on October 6, 2026, says a listing could come as soon as 2027—but the plan remains unconfirmed, and both timing and size could change.

What is reported about Kling’s possible IPO?

The Information, summarizing Bloomberg reporting, says Kling has selected CICC, Goldman Sachs and UBS to work on a potential share sale in Hong Kong. The reported target is at least US$1 billion, with a listing possible as soon as 2027. The report attributes its information to people familiar with the matter; it is not a company or exchange confirmation. The Information’s October 6, 2026 report

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No IPO filing, approval, final offer terms or confirmed listing date is established in the available reporting. “As soon as 2027” is a reported possibility, not a scheduled date, and the US$1 billion-plus figure is a target rather than completed proceeds.

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How much could Kling raise, and what is the $15 billion figure?

The figures refer to two separate transactions and should not be conflated:

Figure What it describes Status
More than RMB 19 billion (reported as about US$2.80 billion) Kling’s July 2026 financing Reuters reported Kuaishou’s financing announcement on July 3, 2026. Reuters via Euronext
US$15 billion Pre-money valuation associated with that financing Reported by Reuters; it is not the amount raised or a post-money valuation. Reuters via Euronext
At least US$1 billion Target for a possible Hong Kong IPO Reported potential proceeds, not a completed offering. The Information, relaying Bloomberg

The financing amount is capital raised in July; the pre-money valuation is the reported value of the company before that financing; the prospective IPO target is a separate, future amount. A US$15 billion pre-money valuation does not mean Kling raised US$15 billion, and it should not be presented as a post-money valuation.

What stake would Kuaishou retain?

The Information reported that Kuaishou would hold a 68.33% equity stake in Kling after completion of the July financing. That is a reported post-financing ownership figure, not a description of the terms or outcome of any future IPO. The Information’s financing report

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What is Kling AI?

Kling is Kuaishou’s AI video-generation business. The available coverage describes it as a developer of AI video-generation models and names ByteDance, Alibaba, MiniMax, Google and xAI among competitors. That list provides market context only; it does not establish comparative product quality, performance or market share. The Information

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AI video generationHong Kong IPOKling AIKuaishoutechnology finance

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