Kling AI selects banks for Hong Kong IPO targeting at least $1 billion

First reported by Bloomberg at · Updated · 2 sources

The AI video generation business is a spun-off unit of Chinese video app company Kuaishou Technology, according to The Information. Bloomberg reported the bank selections, citing people familiar with the matter, while The Information said Kling is seeking a listing as soon as next year.

Covered by 2 publishers within 9 hours of the first report.

Reporting2

Bloomberg AI Video Startup Kling Picks Banks for $1 Billion-Plus IPO · Julia Fioretti and Pei Li
The Information Kuaishou’s Kling Picks Banks for $1 Billion-Plus Hong Kong IPO · Juro Osawa