Alibaba and Abu Dhabi to Participate in MiniMax's $600 Million Hong Kong IPO
BlockBeats News, December 30, according to Bloomberg, Chinese artificial intelligence startup MiniMax has secured Alibaba Group Holding Limited and Abu Dhabi Investment Authority as key backers for its Hong Kong IPO. According to sources familiar with the matter, MiniMax plans to raise over $600 million through this IPO, with investor subscription possibly starting as early as Wednesday, and the listing is expected in January.
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