Source: Tech – South China Morning PostShares of Chinese artificial intelligence start-up MiniMax Group surged on their Hong Kong debut on Friday, reflecting investor confidence after securing substantial support from global institutional backers.
The company’s shares first changed hands at HK$235.40, up 42.7 per cent from the initial public offering (IPO) price of HK$165, valuing it at HK$72.8 billion (US$9.3 billion). MiniMax raised HK$4.8 billion after pricing the shares at the top of the marketed range and exercising an upsized…Read More