AI Firm MiniMax Set for Hong Kong Debut After $619 million IPO
MiniMax Group Inc., one of China’s largest generative AI startups, surged in Hong Kong after an initial public offering that raised $619 million.Shares advanced as much as 54% in Friday trading. The stock was priced at HK$165 ($21.17) apiece in an upsized offering, with retail investors subscribingBloomberg Terminal to more than 1,830 times the shares available....
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