Kuaishou’s Kling AI lines up CICC, Goldman Sachs and UBS for a $1 billion Hong Kong IPO

Key Summary

Kuaishou Technology's AI video unit, Kling AI, is planning a Hong Kong initial public offering (IPO) that could raise at least $1 billion, with underwriters including CICC, Goldman Sachs, and UBS. The IPO comes after a large private round in July 2026, which valued Kling AI at around $18 billion post-money.