Core Viewpoint - MiniMax, a Chinese AI startup, is planning to conduct an IPO in Hong Kong in early January, aiming to raise up to $700 million (approximately HKD 546 million) [1] Group 1: IPO Details - MiniMax has passed the listing hearing with the Hong Kong Stock Exchange [1] - The final issuance size is not yet determined and will depend on market conditions and investor interest, with a minimum expected size of $500 million (approximately HKD 390 million) [1] - The company's target valuation is expected to exceed $4 billion [1] Group 2: Company Overview - MiniMax was established in early 2022 and focuses on advancing artificial intelligence technology towards achieving Artificial General Intelligence (AGI) [1] - The company has notable investors including Alibaba and Tencent [1] - MiniMax's product lineup includes large language models, video generation models, and models for generating speech and music [1] Group 3: Product Information - The flagship product line of MiniMax is the M series, which includes MiniMax M1 and MiniMax M2 [1] - MiniMax M1, launched in June of this year, is an open-source large-scale mixed attention inference model [1]
稀宇科技据报1月初IPO 集资最多54亿港元
Xin Lang Cai Jing·2025-12-22 14:20