Baiyue's dark side may apply for an IPO this month, raising approximately $3 billion.

date
04/08/2026
According to reports, the Dark Side of the Moon plan is expected to submit its IPO application in Hong Kong as early as this month, potentially raising around $3 billion. Information shows that recently, the Dark Side of the Moon just completed an over $3.5 billion Series F financing, with a post-investment valuation rising to $35 billion. It is reported that due to the financing amount exceeding the target by more than three times, this round of financing has already closed ahead of schedule, and the previously scheduled Series G round set to begin in August has started early, with a pre-investment valuation rising to $50 billion. A source close to the Dark Side of the Moon remarked in communication with a media outlet, They raised $3.5 billion in the last round, and now they're only looking to raise $3 billion in the IPO; it sounds a bit fake. However, as of the time of publication, the Dark Side of the Moon has not publicly responded to or confirmed this matter.