MiniMax在香港交易首日收涨109% 此前通过IPO募集6.19亿美元

Group 1 - MiniMax, a Chinese generative AI startup, raised $619 million through its IPO and saw its stock price surge by 109% on its first trading day, closing at HKD 345 per share, compared to its issue price of HKD 165 [1][4] - The company received backing from Alibaba and the Abu Dhabi sovereign wealth fund, making it one of the first generative AI firms to go public in the "post-ChatGPT era" in China [1][4] - The public offering was oversubscribed by more than 1,830 times, indicating strong demand from investors [1][4] Group 2 - Steven Leung, Executive Director at Daiwa Capital Markets, noted that MiniMax's stock price increase was supported by both short-term traders and long-term institutional investors, with potential liquidity shifting from the U.S. due to concerns over an AI bubble [1][4] - The performance of MiniMax's stock is seen as a litmus test for whether investment enthusiasm in China's AI sector can extend from hardware companies to software firms [1][4] - Other companies in the sector, such as chip manufacturers Moore Threads and Muxi, also experienced significant stock price increases on their debut, with chip designer Biren Technology soaring by 76% [1][4] Group 3 - According to Bloomberg industry analyst Marvin Chen, the investment cycle for AI in China is still in its early stages, making it difficult for investors to distinguish between winners and losers [1][4] - As the investment cycle matures, there may be more pronounced performance differentiation among companies in the sector [1][4]