“六小龙”之一下周港股上市

Group 1 - The core viewpoint of the article highlights that MiniMax, an AI company, has officially launched its IPO, marking a significant milestone in its rapid growth within just four years since its establishment [1] - MiniMax plans to issue 25,389,220 shares at a price range of HKD 151 to HKD 165 per share, with an estimated market valuation between HKD 46.123 billion and HKD 50.399 billion upon listing on January 9, 2026 [1] - The company has attracted 14 cornerstone investors, including Aspex, Eastspring, Mirae Asset, Alibaba, and E Fund, with a total subscription amount of approximately HKD 2.723 billion, indicating strong backing from diverse investment types [1] Group 2 - Since its establishment until September of this year, MiniMax has spent USD 500 million, achieving global leadership in full-modal AI with only about 1% of the costs incurred by OpenAI [2] - The funds raised from the IPO will primarily be used for model upgrades and the development of AI-native products over the next five years, aiming to enhance productivity, development quality, and creativity [2]