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AI CURATED HOT STORY · 10/22/2026

MiniMax Shares Fall Below IPO Price Amid Intensifying AI Competition

1 reports archived1 independent sourcesupdated 10/22/2026, 11:12:12
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MiniMax shares in Hong Kong fell below their $165 HKD IPO price today, erasing all gains since listing. Investors are reassessing the company's commercial viability and high costs amid aggressive pricing from competitors like DeepSeek and OpenAI, as well as a muted market response to its latest model release. Despite a 283% year-over-year revenue increase in H1 2026, adjusted net losses widened by over 111%.

LATEST/MiniMax shares in Hong Kong fell below their $165 HKD IPO price today, erasing all gains since listing. Investors are reassessing the company's commercial viability and high costs amid aggressive pricing from competitors like DeepSeek and OpenAI, as well as a muted market response to its latest model release. Despite a 283% year-over-year revenue increase in H1 2026, adjusted net losses widened by over 111%.

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Total 1 reports · Latest first