Chinese AI startup MiniMax eyes $6.5B valuation in Hong Kong IPO amid AI frenzy
Chinese AI startup MiniMax is preparing to price its Hong Kong initial public offering at the top of its marketed range, a move that would value the Shanghai-based company at about $6.5 billion and raise roughly $538 million, Bloomberg reported, citing people familiar with the deal. Bookbuilding began on December 31, with shares marketed between