PANews December 30 News, according to informed sources, artificial intelligence startup MiniMax has secured Alibaba Group and Abu Dhabi Investment Authority as its main supporters for its upcoming IPO in Hong Kong. The sources said that MiniMax is seeking to raise over $600 million through the IPO. Some sources indicated that the company may begin accepting investor subscriptions as early as Wednesday, with plans to go public in January next year. The sources also mentioned that, besides Abu Dhabi Investment Authority and Alibaba, IDG Capital, Perseverance Asset Management, and Korea’s Mirae Asset will also be cornerstone investors in this deal. However, they added that negotiations are still ongoing, and the scale and timing of the deal may still change.
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