MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027 (Bloomberg)
MiniMax is pursuing up to $1.9B through a share sale and convertible bonds, signaling major capital demand among Chinese AI labs.
Excerpt
<a href="https://www.bloomberg.com/news/articles/2026-07-09/minimax-seeks-1-9-billion-from-share-sale-convertible-bond"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260709/i45.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260709/p45#a260709p45" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.bloomberg.com/">Bloomberg</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-07-09/minimax-seeks-1-9-billion-from-share-sale-convertible-bond">MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027</a></b></span> — MiniMax Group Inc. is looking to raise as much as HK$14.54 billion ($1.9 billion) from selling new shares and convertible bonds, according to terms of the deals seen by Bloomberg News.</p>
Read at source: https://www.techmeme.com/260709/p45#a260709p45