China AI Video Startup Kling Picks Banks for $1 Billion-Plus IPO

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China AI Video Startup Kling Picks Banks for $1 Billion-Plus IPO
Kuaishou Technology’s Kling AI has picked banks for a Hong Kong initial public offering that could raise at least $1 billion, according to people familiar with the matter.
The artificial intelligence video service is working with China International Capital Corp., Goldman Sachs Group Inc. and UBS Group AG on the potential share sale, the people said, asking not to be identified because the information is confidential. Kling is targeting a listing as soon as next year, they said.

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