开盘大涨超50%！MiniMax 港股挂牌，历史上IPO规模最大的AI大模型公司诞生

Core Viewpoint - MiniMax, a global AI large model company, successfully listed on the Hong Kong Stock Exchange, reflecting strong market interest in the AI sector and the company's growth potential [1][2]. Group 1: IPO Performance - MiniMax's stock price surged by 63% to 269 HKD, with a market capitalization of approximately 83.1 billion HKD, indicating robust investor confidence [1]. - The IPO raised around 5.54 billion HKD, with an oversubscription of 1,837 times in the public offering and 37 times in the international offering, showcasing high demand for AI investments [1]. Group 2: Investor Confidence - Notable cornerstone investors included Aspex, Eastspring, Mirae Asset, Alibaba, and E Fund, with total subscriptions amounting to approximately 2.723 billion HKD, indicating strong belief in MiniMax's long-term growth [2]. - The participation of international asset management giants in the IPO signals recognition of MiniMax's unique investment value in the global AI landscape [2]. Group 3: Technological Advancements - MiniMax launched the first domestic speech large model, Speech 01, in 2023, followed by an upgraded version, Speech 02, which ranks first in comprehensive performance, generating over 220 million hours of speech [3]. - The company introduced Video 01 and the Hailuo 02 video generation models, achieving significant milestones with over 590 million videos generated [3]. Group 4: Product Development and Market Reach - MiniMax's new generation text model, MiniMax M2, ranked among the top five globally and first in China, demonstrating its competitive edge in the AI model market [4]. - The company has over 200 million individual users across more than 200 countries, with a revenue growth exceeding 170% year-on-year, and over 70% of revenue coming from international markets [5]. - MiniMax aims to utilize the funds raised from the IPO for model upgrades and AI product development, focusing on enhancing productivity and creativity globally [5].