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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.
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FLERE HISTORIER FRA Business World Philippines
Business World Philippines
FLI focuses on bigger Laguna projects after exit from CCPC
FEDERAL LAND, INC. (FLI) said it would concentrate on bigger developments in Laguna province after the divestment of Crown Central Properties Corp. (CCPC).
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Selective accountability threatens to undercut Philippine anti-graft push
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PHL firms told to prepare for rise in AI-driven scams
PHILIPPINE ORGANIZATIONS face a higher risk of scams driven by artificial intelligence (AI) this year and should strengthen intelligence-led cybersecurity and employee awareness to limit exposure, according to Trend Micro.
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Easing bank secrecy law likely to boost Philippines' efforts vs financial crimes
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White corn gives Cagayan farmers a lifeline after years of debt and flood losses
CAGAYAN — For decades, Crecencia B. Garan planted yellow corn in the river plains of Alcala, Cagayan — only to watch most of her earnings circle back to the middlemen who financed her inputs.
2 mins
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Balance of CARS program funding worth P3.99 billion due for release this year – BoI
THE Board of Investments (BoI) said it expects to fulfill its remaining P3.99-billion obligation to fund the Comprehensive Automotive Resurgence Strategy (CARS) program within the year.
1 min
January 02, 2026
Business World Philippines
SEC warns investors against Adscent International
THE Securities and Exchange Commission (SEC) has warned the public against Adscent International, saying it is promoting investment schemes that promise unusually high returns over short periods.
1 min
January 02, 2026
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PSEi rebound seen this year if governance issues resolved
THE PHILIPPINE Stock Exchange's (PSE) main index will most likely consolidate or move sideways this year amid continued uncertainty, according to analysts.
3 mins
January 02, 2026
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Choco Mucho signs up Eya Laure
THE CHOCO MUCHO Flying Titans have caught one of the biggest, if not the biggest, fish in the Premier Volleyball League (PVL) pool — Eya Laure.
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January 02, 2026
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NG borrowings surge in November
THE NATIONAL Government's (NG) gross borrowings surged in November amid a sharp rise in domestic and foreign borrowings, the Bureau of the Treasury (BTr) said.
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