MINIMAX-WP(00100.HK)

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MINIMAX-WP
00100.HK
MiniMax Group Inc. designs and develops an artificial intelligence (AI) foundation model. The company's platform offers a wide range of modalities, including text, audio, images, video, and music. The company was founded in 2022 and is based in George Town, Cayman Islands.
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MiniMax IPOs in Hong Kong at the highest price, with an issuance valuation exceeding HKD 46 billion!

According to reports, MiniMax will issue 29.2 million shares at a price of HKD 165 per share, and the company has exercised a 15% adjustment right on the offering size. According to Bloomberg's calculations, this IPO will raise HKD 4.82 billion (approximately USD 619 million), and the company will be listed on January 9

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MiniMax may set its IPO price at the high end of the guidance range and end the subscription early

According to media reports, Chinese AI company MiniMax plans to price its Hong Kong IPO at the high end of the range (HKD 165 per share), aiming to raise over HKD 4.2 billion. Strong subscriptions have attracted cornerstone investors such as sovereign wealth funds. Its overseas revenue accounts for over 70%, demonstrating high growth potential. This listing aims to consolidate its position in the global AI competition

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Chinese AI firm MiniMax expected to price Hong Kong IPO at top of range, sources say

Chinese AI startup MiniMax Group is expected to price its Hong Kong IPO at the top of its range, between HK$151 and HK$165, after strong demand led to oversubscription. The company aims to raise HK$4.19 billion ($538 million) by selling 25.4 million shares, valuing it at approximately $6.5 billion. Founded in 2022 by former SenseTime executive Yan Junjie, MiniMax specializes in multimodal AI models. The IPO pricing is set for January 6, with shares debuting on January 9.

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According to news from "New Shares," MiniMax plans to price the upper end of its IPO price range and end the subscription early

Market news indicates that tomorrow (6th) at noon, one of the "AI Six Tigers," MiniMax, plans to set the IPO price at the high end of the guidance price range (the offering price range is between 151 to 165 HKD) and will end the subscription early

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Minimax Plans To Price Its Hong Kong IPO At The Top Of The Marketed Range - Bloomberg News

MINIMAX PLANS TO PRICE ITS HONG KONG INITIAL PUBLIC OFFERING AT THE TOP OF THE MARKETED RANGE - BLOOMBERG NEWS

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