Sources familiar with the matter: Bank of America has pulled out of IPO underwriting discussions for The Dark Side of the Moon (Kimi)

Bank of America is no longer involved in the potential IPO underwriting arrangements for AI startup Moonshot AI, according to people familiar with the matter. Earlier, the US lender had held discussions to serve as the overall coordinator for the firm’s Hong Kong IPO, but ultimately failed to secure a formal mandate. Moonshot AI is targeting a Hong Kong listing as early as the first quarter of 2027, with a potential fundraising scale of up to $5 billion. Currently, Goldman Sachs is the only US b

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