On January 8, Zhipu Huazhang made its debut on the Hong Kong Stock Exchange, earning the distinction of being the "world's first publicly traded large-scale AI model company." On the very same day, MiniMax unveiled its share pricing, announcing plans to issue shares at the upper end of the range, priced at HK$165 each, and commence trading on January 9. In recent times, AI firms have been actively engaging with capital markets, with a wave of initial public offerings (IPOs) sweeping across the AI chip, server, and other related sectors of the industry chain.
