MiniMax raises $619M in Hong Kong IPO as investor appetite for generative AI remains strong

Chinese artificial intelligence startup MiniMax Group Ltd. went public in Hong Kong today and raised about $619 million, highlighting strong investor appetite for generative AI companies on both sides of the Pacific. MiniMax priced its shares at HK$165 ($21.18) apiece, the top of its previously indicated range, and sold 29.2 million shares in the IPO, […]
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