In the afternoon of January 6th, news came that the subscription for MiniMax's IPO on the Hong Kong Stock Exchange ended. Data from Futu Securities showed that the margin financing amount for its IPO exceeded HK$253.3 billion, and the oversubscription multiple for the public offering reached 1,209 times, making it a hot spot for new share subscriptions in the recent AI sector of the Hong Kong stock market. MiniMax offered a total of 25,389,220 shares globally, with an offering price range of HK$151 to HK$165 per share, and is expected to raise HK$3.834-4.189 billion.
