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Chinese AI Startup MiniMax Files for Hong Kong IPO, Sources Say
Chinese AI Startup MiniMax Files for Hong Kong IPO, Sources Say

Wall Street Journal

time4 days ago

  • Business
  • Wall Street Journal

Chinese AI Startup MiniMax Files for Hong Kong IPO, Sources Say

MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China's generative AI startups to tap public markets. Shanghai-based MiniMax, which was valued at around $4 billion after a recent financing round, is targeting a stock market debut as soon as this year, one of the people said. The company has also filed its Hong Kong listing plan with China's securities regulator for review, another person said.

Apollo Calls for ‘Tailored' Private Markets Rules in Australia
Apollo Calls for ‘Tailored' Private Markets Rules in Australia

Bloomberg

time04-06-2025

  • Business
  • Bloomberg

Apollo Calls for ‘Tailored' Private Markets Rules in Australia

Apollo Global Management, Inc. has warned Australia's securities regulator against 'broad brush' rules for unlisted investments and has called for regulation to instead target specific asset classes. The comments were included in one of more than 50 submissions published on the Australian Securities and Investments Commission 's website on Wednesday, after the regulator in February sought industry views on the shifting dynamics of Australia's capital markets.

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