Tech
Chinese AI firm MiniMax, others launch Hong Kong IPOs in year-end rush
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Chinese AI startup MiniMax Group spearheaded six Hong Kong listings worth HK$16.7 billion ($2.15 billion) launched on Wednesday, exchange filings showed, as AI and chipmakers power the city’s equity markets comeback and set the tone for 2026.
Hong Kong has raised $36.5 billion from 114 new listings in 2025, for its strongest year since 2021, and more than triple the roughly $11.3 billion raised in 2024, LSEG data shows.
MiniMax seeks to raise up to HK$4.19 billion from 25.4 million shares priced in a range of HK$151.00 to HK$165.00 each,…
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