Chinese AI startup MiniMax raises $619M in its Hong Kong IPO, at the top of the range; sources: its institutional offering was oversubscribed by 70x+ (Dave Sebastian/Bloomberg)

Dave Sebastian / Bloomberg: Chinese AI startup MiniMax raises $619M in its Hong Kong IPO, at the top of the range; sources: its institutional offering was oversubscribed by 70x+  —  Investment firm Baillie Gifford and Singapore's sovereign wealth fund GIC Pte are among those buying shares in MiniMax Group Inc.'s …