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MiniMax and Zhipu AI Plan Hong Kong IPO

Dec 10, 2025, 11:37 p.m. ET

Artificial intelligence unicorns MiniMax and Zhipu AI are reportedly planning initial public offerings (IPOs) in Hong Kong in the near future, according to sources familiar with the matter.

The move comes as investor appetite for AI-related listings continues to grow, with Hong Kong emerging as a preferred venue for tech companies seeking international capital. Details on timing, pricing, and share allocation have not yet been disclosed.

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