Chinese AI startup MiniMax jumped as much as 54% in its Hong Kong debut on Friday, after raising ~$619M in its IPO priced at ~$21.17 per share (Jeanny Yu/Bloomberg)

Jeanny Yu / Bloomberg: Chinese AI startup MiniMax jumped as much as 54% in its Hong Kong debut on Friday, after raising ~$619M in its IPO priced at ~$21.17 per share  —  MiniMax Group Inc., one of China's largest generative AI startups, surged in Hong Kong after an initial public offering that raised $619 million.