Chinese AI startup Moonshot AI is completing a corporate restructuring to pave the way for an initial public offering, according to The Wall Street Journal. The company operates primarily in China but had registered its holding entity in the Cayman Islands, where many early investors put in dollar-denominated funding. As part of the restructuring, Moonshot is dissolving the offshore holding company and transferring investor shares to its main operating entity based in mainland China. The company plans to list on the Hong Kong Stock Exchange.