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Shares of Chinese AI developers MiniMax and Zhipu have fallen more than 80% from their all-time highs, erasing a combined $150 billion in market value since their January debuts amid a token price war and ahead of potential IPOs and share trading eligibility in January.
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Key sources
- SOURCE@globalmktobserv“MiniMax shares have plunged -87% from their peak, while Z AI has fallen -81%, erasing the gains that followed their highly anticipated listings.”x.com
- SUPPORT@choblin29“another 203 million pre-IPO MiniMax and Zhipu shares become eligible for trading in January.”x.com
- SOURCEhuggingnewshuggingnews.com