MiniMax Shares Drop on $2 Billion Fundraising Plan
Shares of MiniMax dropped, after the Chinese artificial-intelligence company disclosed a plan to raise $2 billion through a share placement and convertible-bond offering.
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Shares of MiniMax dropped, after the Chinese artificial-intelligence company disclosed a plan to raise $2 billion through a share placement and convertible-bond offering.
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Shares of the Chinese artificial-intelligence company rose sharply after it announced plans for a US$4 billion fundraising to support growth, despite pricing the new shares at a discount.