MiniMax to Raise Up to $1.9 Billion via New Shares, Convertible Bonds

Chinese AI startup MiniMax Group (Hong Kong ticker 0100.HK) is moving to raise up to HK$14.54 billion (about $1.9 billion) through a sale of new shares and convertible bonds, according to terms disclosed on July 9, 2026. Under the terms reviewed, the company would issue 30 million new shares at a fixed price of HK$268 each, alongside convertible bonds. The share price represents a discount of about 9.9% to the July 9 closing price of HK$297.4. MiniMax seeks $1.9 billion from share sale, convertible bond