{"id":"f85c593e-e7c5-48ea-8ed5-61ce6cb11810","kind":"news","code":"f85c593e-e7c5-48ea-8ed5-61ce6cb11810","name":"MiniMax completes approximately HKD 16 billion new-share placement and convertible bond funding, underwritten by Morgan Stanley","nameBasis":"translated-title","summary":"On 2026/7/10, Cailian Press and Zhidx reported that AI large-model company MiniMax, also known as Xiyu Technology (0100.HK), had announced financing after listing on the Hong Kong main board in month 1 that year. It proposed placing 35.6 million new Class A shares at HKD 268 per share, raising approximately HKD 9.54 billion gross, while issuing HKD 6.5 billion principal of zero-coupon guaranteed convertible bonds due in 2027. The initial conversion price was HKD 335 per share, approximately 12.64% above the closing price. Combined net proceeds were approximately HKD 15.957 billion, approximately 13.8 billion yuan (CNY) or approximately USD 2 billion. Morgan Stanley underwrote the transaction, attracting leading international sovereign funds, long-term funds and major Chinese institutions. Approximately 80% of funds would support AI infrastructure and large-model R&D. This was MiniMax’s first large-scale financing after listing.","description":"","country":null,"category":null,"originalName":"MiniMax完成约160亿港元配售新股及可转债融资，摩根士丹利承销","eventDate":"2026-07-10T00:00:00.000Z","website":"https://www.cls.cn/detail/2422383","sourceUpdatedAt":"2026-10-13T16:58:26.506Z","englishUpdatedAt":"2026-10-16T00:26:10.948Z","reviewedAt":"2026-10-16T00:26:10.948Z","snapshotAt":"2026-10-15T14:23:27.067Z","sourceHash":"9f33fcff57fbadaefad588093e8ea013f4566879700bcb99dbc471f71e4d6719","companyId":"ee3b971a-6b67-43b9-bf0c-68db245ab3e7","foundedYear":null,"logoUrl":null,"originalText":"2026年7月10日，据财联社、智东西报道，今年1月刚登陆港交所主板的AI大模型公司MiniMax（稀宇科技，0100.HK）公告：拟配售3560万股新A类股份（每股配售价268港元，募资总额约95.4亿港元），同时发行本金总额65亿港元、2027年到期的零息有担保可转换债券（初步转股价每股335港元，较收市价溢价约12.64%）；两项合计募资净额约159.57亿港元（约合人民币138亿元、约20亿美元），由摩根士丹利承销，吸引多家顶级国际主权基金、长线基金及一线中资机构参与，资金约80%投向AI基础设施与大模型研发。这是MiniMax上市后首次大规模融资动作。","sources":[{"url":"https://www.cls.cn/detail/2422383","publishedOn":"2026-07-10T00:00:00.000Z"}],"related":[{"id":"ee3b971a-6b67-43b9-bf0c-68db245ab3e7","kind":"companies","code":"UB-C171","name":"MiniMax","nameBasis":"source-english","summary":"Practical applications integrating multimodal AI technology.","description":"MiniMax was founded in 2021/12.","country":"China","category":null,"originalName":"MiniMax","eventDate":null,"website":"https://www.minimaxi.com/","sourceUpdatedAt":"2026-10-05T00:00:00.000Z","englishUpdatedAt":"2026-10-15T20:25:35.756Z","reviewedAt":"2026-10-15T20:25:35.756Z","snapshotAt":"2026-10-15T14:23:27.067Z","sourceHash":"1ec5e51b7789acbedf3c35912a30b697a83308822bed6cd578c216c0f3790d07","companyId":null,"foundedYear":2021,"logoUrl":"https://c.ux-cdn.com/1863156737900573-5aba7b40bf5e48ca8be5896e57b70eca/uniquebase%2Flogos%2Fcompany%2FreclcNRAgQ%2F7acb2f77d3889307a3b6a608533e2c578301641e1abba284e79404dc293ab4e5.png","path":"/companies/minimax"}],"path":"/news/f85c593e-e7c5-48ea-8ed5-61ce6cb11810","structured":{"city":null,"country":null,"location":null,"role":null,"category":null,"company":{"name":"MiniMax","path":"/companies/minimax"}},"canonical":"https://uniquebase.ai/news/f85c593e-e7c5-48ea-8ed5-61ce6cb11810"}