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China AI firm MiniMax set to surge in Hong Kong debut

By Thomson Reuters Jan 8, 2026 | 7:29 PM

SINGAPORE, Jan 9 (Reuters) – Chinese artificial intelligence ‍model developer MiniMax Group is set to ‌jump on ‌its Hong Kong market debut on Friday after raising ​HK$4.82 billion ($618.6 million), ‍extending ​a flurry ​of tech listings ‍in the city.

Shares of the company are set ‍to open at HK$235.40, 42.3% ‍higher than ‍its ​offer price ​of ⁠HK$165.00 each.

(Reporting ‌by Yantoultra Ngui and Yiming Shen; Editing by Jacqueline ⁠Wong)