AI firm MiniMax prepares for mainland China listing after shares surge in Hong Kong
Chinese artificial intelligence company MiniMax Group has initiated plans for a stock listing in mainland China. This move will provide onshore investors with access to AI companies beyond the chip sector and establish a dual-listing presence alongside its Hong Kong listing.
Briefing Summary
AI-generatedChinese artificial intelligence company MiniMax Group has initiated plans for a stock listing in mainland China. This move will provide onshore investors with access to AI companies beyond the chip sector and establish a dual-listing presence alongside its Hong Kong listing. The Shanghai-headquartered firm has engaged Citic Securities to assist in preparing for the sale of yuan-denominated shares. While specific details are limited, it is anticipated that MiniMax will list on the Star Market, a board on the Shanghai Stock Exchange known for its technology companies.
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4 extractedMiniMax Group signed an agreement with Citic Securities on Friday to prepare for a sale of yuan-denominated shares.
MiniMax Group has officially kicked off plans to sell shares in mainland China.
This offers onshore investors access to AI players beyond chipmakers.
It is widely expected that MiniMax will trade on the Star Market.