Stock Track | MINIMAX-WP Soars 36.85% in Intraday Trading on Hong Kong IPO Debut

Stock Track

01/09

MINIMAX-WP (00100) surged 36.85% during the intraday session on Friday, marking a strong debut on the Hong Kong Stock Exchange. The artificial intelligence company's shares opened at HK$235.40, significantly higher than its IPO offer price of HK$165.00.

The IPO was highly successful, raising HK$4.6 billion in net proceeds. The Hong Kong public offering was oversubscribed by 1,837.17 times, reflecting robust investor demand. Cornerstone investors, including Abu Dhabi Investment Authority and Alisoft China Holding, were allotted a combined 56.53% of the global offering.

MiniMax's debut is part of a wave of tech listings in Hong Kong, with its shares benefiting from strong investor appetite for AI and chip firms. The company plans to use the IPO proceeds for research and development over the next five years.

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The artificial intelligence company's shares opened at HK$235.40, significantly higher than its IPO offer price of HK$165.00.</p><p>The IPO was highly successful, raising HK$4.6 billion in net proceeds. The Hong Kong public offering was oversubscribed by 1,837.17 times, reflecting robust investor demand. Cornerstone investors, including Abu Dhabi Investment Authority and Alisoft China Holding, were allotted a combined 56.53% of the global offering.</p><p>MiniMax's debut is part of a wave of tech listings in Hong Kong, with its shares benefiting from strong investor appetite for AI and chip firms. The company plans to use the IPO proceeds for research and development over the next five years.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00100","symbol_name":"MINIMAX-WP","start_time":0,"source_url":"","article_id":"1108377979","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108377979","pubTimestamp":1767922407,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MINIMAX-WP (00100) surged 36.85% during the intraday session on Friday, marking a strong debut on the Hong Kong Stock Exchange. 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