Overview
Minimax Group Ltd., a Chinese artificial intelligence startup, went public in Hong Kong, raising approximately $619 million. The company priced its shares at HK$165 ($21.18) each, selling 29.2 million shares in the IPO. This funding highlights the strong investor interest in generative AI companies.
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Minimax Group Ltd., a Chinese artificial intelligence startup, went public in Hong Kong, raising approximately $619 million. The company priced its shares at HK$165 ($21.18) each, selling 29.2 million shares in the IPO. This funding highlights the strong investor interest in generative AI companies.
Investors: Alibaba Group Holding Ltd., Abu Dhabi Investment Authority
Chinese artificial intelligence startup Minimax is preparing for its initial public offering in Hong Kong, aiming to raise over $600 million. The IPO is backed by Alibaba Group Holding Ltd. and the Abu Dhabi Investment Authority, addressing the growing demand for AI solutions in the market.