Alibaba and Abu Dhabi Investment Authority will invest in MiniMax's $600 million Hong Kong IPO
According to Bloomberg, Chinese artificial intelligence startup MiniMax has secured Alibaba Group Holding Limited and the Abu Dhabi Investment Authority as key supporters for its IPO in Hong Kong.
Insiders revealed that MiniMax plans to raise over $600 million through this IPO, with investor subscription for shares expected to begin as early as Wednesday, and a listing in January.
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