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<IPO>CN AI Startup MiniMax Secretly Files for HK IPO Application: Wire
The AI startup in mainland China, MiniMax, has confidentially submitted a Hong Kong IPO application, planning to list as early as this year, the Wall Street Journal, citing people ...
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<IPO>CN AI Startup MiniMax Secretly Files for HK IPO Application: Wire
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The AI startup in mainland China, MiniMax, has confidentially submitted a Hong Kong IPO application, planning to list as early as this year, the Wall Street Journal, citing people familiar with the matter, reported.

Headquartered in Shanghai, MiniMax was valued at approximately USD4 billion after its latest financing round, with BABA-W (09988.HK)  -1.100 (-0.967%)    Short selling $653.05M; Ratio 13.741%   and TENCENT (00700.HK)  +2.000 (+0.387%)    Short selling $472.07M; Ratio 13.028%   among its investors. MiniMax has purportedly submitted its Hong Kong listing plan application to the China Securities Regulatory Commission.

Related NewsCICC Predicts HKEX's 2Q25 Earnings to Rise 31% YoY; Rating Kept Outperform
Another mainland AI company, Zhipu, which is backed by BABA-W and TENCENT, is preparing for an IPO, having hired banks to advance the IPO process, currently evaluating the listing location.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-17 12:25.)

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