Hong Kong Stocks Move: Anthropic Pursues Record-Breaking IPO as Z.AI (02513) Climbs Over 9% in Morning Trading and MINIMAX-W (00100) Gains More Than 4%

Stock News10-27 09:54

News of Anthropic's listing has boosted large language model concept stocks. As of press time, Z.AI (02513) rose 9.59% to HK$554, while MINIMAX-W (00100) gained 3.56% to HK$180.3.

On the news front, AI unicorn Anthropic has officially filed its S-1 document to pursue a Nasdaq listing under the ticker "ANT." According to reports, Anthropic plans to hold its IPO during the week of November 16. Anthropic is targeting a valuation of up to $2 trillion, and if successfully completed, it would become the largest IPO in history.

CITIC Securities released a research note stating that although the current market attitude toward large language models has become more cautious, it remains firmly bullish on the long-term commercial value and valuation growth potential of both Chinese and U.S. models. CITIC Securities previously noted that following a dense wave of upgrades to core overseas models in September and October, domestic models will also usher in a relatively concentrated round of iterative upgrades in Q4. Expectations are building for upcoming releases including GLM5.5, M3Pro, and K3.1.

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