AI Firm MiniMax Targets Up to HK$4.19 Billion in Hong Kong IPO

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AI Firm MiniMax Targets Up to HK$4.19 Billion in Hong Kong IPO

Deep News2025-12-31

According to a Hong Kong exchange filing, MiniMax Group plans to offer 25.4 million shares in Hong Kong, with a price range of HK$151 to HK$165 per share. Calculations indicate the company could raise up to HK$4.19 billion (USD 538 million). Cornerstone investors include the Abu Dhabi Investment Authority (USD 65 million), Alibaba-affiliated Alisoft China (USD 30 million), Aspex Master Fund (USD 35 million), and Boyu (USD 35 million). The shares are scheduled to begin trading on January 9, with China International Capital Corporation (CICC) and UBS Group acting as joint sponsors.

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