Understanding the Market | MiniMax-W fell over 18% in the afternoon, with the first batch of restrictions set to be lift…
Complete. Here is the key summaryMiniMax-W fell over 18% in the afternoon, down 18.41% as of the time of writing, priced at HKD 503, with a transaction volume of HKD 1.568 billion. In terms of news, MiniMax will face its first batch of lock-up expiration after listing on July 9. MiniMax's two largest investors and strategic shareholders—Alibaba and miHoYo—have clearly expressed their long-term optimism about MiniMax's development prospects and will continue to accompany the company's growth. In addition, the founding team of MiniMax has set a voluntary lock-up period of 12 months, with the first expiration not involving the founding team and employee shareholdings, maximizing the locking of the "ballast." Shenwan Hongyuan believes that model assets have unique scarcity in the AI industry and expects MiniMax to release flagship models with larger parameter scales in the future, attracting B-end users from various industries (such as legal, finance, etc., which have demands for ultra-long context and multi-modal applications) and diverse scenarios. The company has entered the Hang Seng Tech Index on June 5 and is expected to unlock in July (with potential short-term volatility) and be included in the Hong Kong Stock Connect in August
According to Zhitong Finance APP, MiniMax-W (00100) fell over 18% in the afternoon, as of the time of publication, down 18.41% to HKD 503, with a transaction volume of HKD 1.568 billion.
In terms of news, MiniMax will face its first batch of lock-up expiration after listing on July 9. MiniMax's two largest investors and strategic shareholders—Alibaba and miHoYo—have clearly expressed their long-term optimism about MiniMax's development prospects and will continue to accompany the company's growth. In addition, the founding team of MiniMax has set a voluntary lock-up period of 12 months, and the first unlock does not involve the founding team and employee shareholdings, maximizing the locking of the "ballast stone."
Shenwan Hongyuan believes that model assets have unique scarcity in the AI industry and expects MiniMax to release flagship models with larger parameter scales in the future, attracting B-end users from various industries (such as legal, finance, etc., which have demands for ultra-long context and multi-modal) and diversified scenarios. The company entered the Hang Seng Tech Index on June 5 and is expected to unlock in July (short-term volatility may occur), with inclusion in the Hong Kong Stock Connect in August