We advised MiniMax on its concurrent placement of new Class A shares and convertible bonds issuance

Davis Polk advised MiniMax Group Inc. on its placement of 35,600,000 new Class A shares, for an aggregate consideration of approximately HK$9.54 billion, and HK$6.5 billion zero coupon guaranteed convertible bonds due 2027. Davis Polk also advised MiniMax on its IPO in January 2026.

MiniMax is a global leading AI large model company offering a series of fully self-developed, full-modality general large models. The shares are listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team included partner - registered foreign lawyer Li He and partner Jason Xu, counsel Bingqing Pan and counsel - registered foreign lawyers Yue (Jenny) Yin and Kevin Zhang. Partner Martin Rogers, counsel Yuan Zheng and associate David Lau provided regulatory advice. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.

Copy link to share post