World Trade Flash

MiniMax lists in Hong Kong as largest IPO among AI foundation model companies

MiniMax lists in Hong Kong as largest IPO among AI foundation model companies

Shanghai-based AI company MiniMax listed on the Hong Kong Stock Exchange on Jan. 9. Shares surged more than 50% during intraday trading, pushing the company’s market capitalization above HK$76.3 billion (about $9.8 billion). The company raised about HK$5.54 b…

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