ITHome · AI·· 23 days ago35
MiniMax stock price falls below IPO price
Brief overview
MiniMax fell more than 7% in mid-day trading on October 22 in Hong Kong, dropping below its HKD 165 IPO price, with its market value evaporating more than 80% from its March high of HKD 1330. With the low-priced models from DeepSeek and OpenAI putting pressure on it, the profit challenge for AI large models has become prominent.
Source: ITHome · AI · ithome.com