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Chinese AI firm MiniMax, others launch Hong Kong IPOs in year-end rush
Business World Philippines
|January 02, 2026
CHINESE artificial intelligence (AI) startup MiniMax Group spearheaded six Hong Kong listings worth HK$16.7 billion ($2.15 billion) launched on Wednesday, exchange filings showed, as AI and chipmakers power the city’s equity markets comeback and set the tone for 2026.
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Hong Kong has raised $36.5 billion from 114 new listings in 2025, for its strongest year since 2021, and more than triple the roughly $11.3 billion raised in 2024, LSEG data shows.
MiniMax seeks to raise up to HK$4.19 billion from 25.4 million shares priced in a range of HK$151 to HK$165 each, ahead of a Jan. 9 debut.
Semiconductor specialists OmniVision Integrated Circuits and GigaDevice Semiconductor have also started bookbuilding for their initial public offerings (IPOs), aiming to raise about $600 million each.
“The wave of IPO approvals does suggest a shift in accelerating AI startup development through capital market access,” said Lian Jye Su, chief analyst at tech research firm Omdia.
Esta historia es de la edición January 02, 2026 de Business World Philippines.
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