MiniMax lists on the Hong Kong Stock Exchange, marking the birth of the largest AI model company IPO in history.

MiniMax (stock code: 0100.HK), a global AI large-scale model company, officially listed on the main board of the Hong Kong Stock Exchange. After opening, its share price surged by over 50% at one point, and as of press time, the increase reached 63%, trading at HK$269, with a market capitalization of approximately HK$83.1 billion. The IPO was priced at the upper limit of HK$165 per share, raising a total of approximately HK$5.54 billion. The public offering portion was oversubscribed by 1837 times, indicating a strong market response.