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

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.