Chinese AI firm MiniMax, others launch Hong Kong IPOs in year-end rush

Chinese AI firm MiniMax, others launch Hong Kong IPOs in year-end rush

Chinese AI startup MiniMax Group spearheaded six Hong Kong listings worth HK$16.7 billion ($2.15 billion) launched on Wednesday, exchange filings showed, as AI and chipmakers power the city's equity markets comeback and set the tone for 2026.

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

Alibaba, Abu Dhabi Set to Invest in MiniMax’s $600 Million IPO

Chinese artificial intelligence startup MiniMax has secured Alibaba Group Holding Ltd. and Abu Dhabi Investment Authority as key backers in its upcoming initial public offering in Hong Kong, according to people familiar with the matter.

Adia backs IPO of Chinese AI startup MiniMax

Abu Dhabi Investment Authority (Adia) has backed the initial public offering of Chinese artificial intelligence (AI) startup MiniMax as a cornerstone investor. The Abu Dhabi sovereign fund invested $65 million to acquire 3.35 million shares, the startup said in a filing to the Hong Kong stock exchange. Other IPO backers were Chinese tech giant Alibaba, IDG, Perseverance Asset Management and South Korea’s Mirae Asset Securities. The cornerstone t…

Chinese AI Startup MiniMax to Seek $600 Million in Hong Kong IPO

Chinese AI startup MiniMax reportedly aims to raise over $600 million in an initial public offering (IPO) in Hong Kong.

MiniMax moves toward Hong Kong IPO as Chinese AI firms rush to go public

Chinese artificial intelligence startup MiniMax is reportedly prepping for its initial public offering in Hong Kong, backed by Alibaba Group Holding Ltd. and the Abu Dhabi Investment Authority. A report from Bloomberg revealed the company is seeking more than $600 million, according to unnamed sources. The company will be taking investor bids as early as Wednesday, […] The post MiniMax moves toward Hong Kong IPO as Chinese AI firms rush to go pu…