MiniMax Hong Kong IPO 2026: Shares Skyrocket 43% on Debut
Alibaba-backed MiniMax raised $618M in its MiniMax Hong Kong IPO 2026, with shares opening 43% higher. Discover how this AI startup is expanding its global footprint.
A 43% surge on day one has sent a clear message to the market. MiniMax, the Alibaba-backed AI powerhouse, officially listed in Hong Kong on January 9, 2026. It's a massive win that follows closely on the heels of rival Zhipu AI's debut just 24 hours earlier, signaling a renewed appetite for Chinese tech.
Breaking Down the MiniMax Hong Kong IPO 2026 Figures
According to Reuters, the Shanghai-headquartered startup successfully raised $618 million. The company sold over 29 million shares at an offer price of 165 Hong Kong dollars each. What's truly catching analysts' eyes isn't just the price action, but where the money is coming from.
Over 40% of the company's revenue now originates from overseas markets. This global footprint suggests that MiniMax isn't just a domestic player—it's actively taking the fight to Western giants like OpenAI and Anthropic.
Regional AI Listing Momentum
| Company | Listing Date | Amount Raised | Opening Move |
|---|---|---|---|
| Zhipu AI | Jan 8, 2026 | $558M | Positive |
| MiniMax | Jan 9, 2026 | $618M | +43% |
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