AI startup MiniMax slips after higher open on Shanghai listing plans

MiniMax

01/06/2026 03:24

** Shares of China's AI startup MiniMax Group 0100.HK slip 1.7% to HK$826 as investors lock in gains after early climb,  lagging a 2.5% rise in the Hang Seng TECH Index .HSTECH
** Earlier in the session, stock up as much as 8% to HK$907.5 before profit-taking kicked in
** Shares gained 9.3% last week
** Shares rose on Monday after MiniMax said it is considering a listing on Shanghai's tech-heavy exchange STAR Market, according to a filing to the Hong Kong Stock Exchange on Sunday
** Any proposed yuan-denominated share issuance would depend on market conditions and necessary regulatory approvals, company says
** Since debut on January 9, MiniMax stock up 450% to HK$907.5 from offer price of HK$165 



 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))