MiniMax

Zhipu's shares closed up 33% on June 15 after JPMorgan raised the stock's price target and picked it as a winner against rival MiniMax, whose stock closed up 7%

Zhipu's shares closed up 33% on Monday after JPMorgan raised the stock's price target and picked it as a winner against MiniMax; MiniMax closed up 7%

Shares of Chinese AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock's price target and picked it as a winner against close rival MiniMax.

Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M

Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M

Sources: Chinese AI startup MiniMax files confidentially for a Hong Kong IPO, targeting a $4B+ valuation and aiming to raise $510M+, set to float by 2025's end

Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion …