# Kuaishou’s Kling AI reportedly picks banks for Hong Kong IPO targeting at least $1 billion — retained record

> Retained news record from news:digg-verification:technode.com.

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source: [news](https://highsignal.app/data/news) (news:digg-verification:technode.com)  published 2026-10-12 18:03 ingested 2026-10-12 18:03

[Lambda Labs](https://highsignal.app/entities/LAMBDA)[original source ↗](https://technode.com/2026/10/08/kuaishous-kling-ai-reportedly-picks-banks-for-hong-kong-ipo-targeting-at-least-1-billion/)

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Kling AI, Kuaishou’s AI video-generation business, has selected banks for a potential Hong Kong initial public offering that could raise at least $1 billion, Bloomberg reported on October 6, citing people familiar with the plans. The company is working with China International Capital Corp., Goldman Sachs and UBS, with a listing targeted for as early as 2027.
Discussions remain ongoing, and the fundraising amount and timetable could change. Kling AI raised $2.8 billion in July in a round backed by investors including Alibaba, Tencent and Baidu, at a pre-money valuation of about $15 billion. Goldman Sachs and UBS declined to comment on the IPO plans, while Kling AI and CICC did not respond to Bloomberg’s requests for comment. [Bloomberg, in Chinese]
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