BREAKING
MiniMax Shares Tumble on $2B Raise
0
%
share drop
0
HK$
share price
JPMorgan Slashes Target to HK$300
Old target
400
New target
300
Two-Part $2B Fundraising
1
35.6M shares at HK$268
↓
2
HK$6.5B convertibles
↓
3
Dilution fears
MiniMax vs Zhipu
MiniMax
00100.HK
●
Weak pricing power
●
Standing 50% discount
●
M3 open-weight model
Zhipu
02513.HK
●
Target raised
●
GLM series maker
●
Seen as winner
Can M3 Revenue Catch the Capital
AI NEWS BLITZ
MiniMax shares slid sharply after the Chinese AI firm unveiled a roughly two-billion-dollar fundraising.