Hong Kong Stock Movement: MINIMAX-WP surged 25.74% on its first day of listing, with the AI boom and over-allotment options helping to double the stock price

Hong Kong Stock Movement MINIMAX-WP surged 25.74%. Based on recent news, On January 9, MINIMAX-WP debuted in Hong Kong, opening at HKD 235.4, 42.7% higher than the listing price of HKD 165. The highest price was HKD 351.8, and the lowest was HKD 220, with a half-day trading volume of 11.8695 million shares, involving HKD 2.765 billion. On January 9, MINIMAX-WP closed its first day at HKD 345, 1.09 times higher than the offering price of HKD 165, with a trading volume of 15.92 million shares, involving HKD 4.005 billion. On January 9, MINIMAX-WP announced that the overall coordinator fully exercised the over-allotment option, involving 4.3796 million shares for sale, accounting for 15% of the total shares available for subscription in the global offering, priced at HKD 165 per share. The AI industry is hot, and Hong Kong stocks are performing strongly. Stocks with High Trading Volume in the Industry Zhizhu surged 36.57%. Based on recent key news: On January 9, Zhizhu's stock price significantly increased on the second day of its listing on the Hong Kong Stock Exchange, becoming the world's first stock of large models. Bohai Securities pointed out that Zhizhu's listing provides a key anchor for industry valuation pricing, and Soochow Securities is optimistic about its technological strength and localization advantages, driving the stock price up. Source: Zhitong Finance On January 12, Zhizhu reached a strategic cooperation with Didi to promote the application of general artificial intelligence technology in the transportation field, deepen talent cultivation in the large model field, and further enhance market confidence. Source: Zhitong Finance On January 9, Zhizhu's listing attracted significant investor attention, with an oversubscription rate of up to 1158.46 times, indicating strong market expectations for its future development. Source: Economic Information Daily. The Hong Kong stock market is more rational in valuing AI companies. Dipu Technology rose 2.44%, with a trading volume of HKD 15.61 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. Chumen Wenwen rose 8.33%. Based on recent news, On January 7, Chumen Wenwen launched the TicNote series of new products during CES 2026, including the 4G AI recording headset TicNote Pods, the AI recording watch TicNote Watch, and the AI native file collaboration platform TicNote Cloud. The release of these new products has sparked a positive market reaction, driving the stock price up. The technology industry has performed strongly recently, with high market demand for AI products. Stocks with High Market Capitalization in the Industry Qizhan Holdings fell 3.21%, with a market capitalization of HKD 664 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation