AI firm MiniMax prepares for mainland China listing after shares surge in Hong Kong

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MiniMax Group, a Chinese artificial intelligence company, is preparing for a dual listing by selling shares in mainland China after a surge in Hong Kong. The Shanghai-headquartered company signed an agreement with Citic Securities to help with the yuan-denominated share sale.

MiniMax Group, the Chinese artificial intelligence model company, has officially kicked off plans to sell shares in mainland China. This offers onshore investors access to AI players beyond chipmakers and completes a dual-listing status in addition to Hong Kong. The Shanghai-headquartered company signed an agreement with Citic Securities on Friday, hiring the brokerage to help prepare for a sale of yuan-denominated shares. While other details on the listing are scant, it is widely expected that...