Core Viewpoint - MiniMax, a Chinese AI startup, officially launched its IPO process in Hong Kong on December 31, 2025, aiming to raise approximately HKD 4.19 billion (around USD 538 million) through the issuance of 25,389,220 shares priced between HKD 151 and HKD 165 per share [1] Group 1: IPO Details - The IPO is set to begin trading on the Hong Kong Stock Exchange on January 9, 2026, under the stock code "0100" [1] - The company has attracted a diverse range of cornerstone investors, including the Abu Dhabi Investment Authority and Alibaba's Alisoft China, with total subscriptions amounting to approximately HKD 2.723 billion [1] Group 2: Fund Utilization - MiniMax plans to allocate about 90% of the funds raised from the IPO for large model upgrades and the development of AI-native products over the next five years [1] - The remaining 10% of the funds will be used for working capital and general corporate purposes [1]
MiniMax启动香港IPO，募资近42亿港元，基石投资者阵容豪华
Jin Rong Jie·2025-12-31 07:23