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MiniMax plans to price its Hong Kong IPO at HK$165 per share, reflecting high demand from investors. The company is responding to strong interest, especially as Chinese startups compete with US firms like OpenAI, and will close orders for institutional investors a day early.
Klarna Group is being sued by a shareholder in federal court for allegedly failing to disclose significant risks before its IPO, leading to a stock price drop. The complaint claims investors lost money due to misleading information about the financial status of Klarna's customers. Several law firms are also seeking investors for similar lawsuits.
Chime is set to launch its initial public offering (IPO) on Thursday, targeting an impressive valuation of $11 billion. The fintech company aims to leverage its strong user base and financial technology solutions to attract investors in the competitive IPO market.
Stripe is reportedly in discussions to buy back stock from its investors, signaling a continued preference against pursuing an IPO. This follows a significant stock transaction last year when Sequoia Capital acquired $861 million in shares at a $70 billion valuation.