MiniMax Group Inc0100
Mentioned
Impact on stocks 2
Artificial Intelligence
MiniMax Group IncBiotech & Genomic Medicine
Zai Lab Ltd9688
Mentioned
MiniMax Group IncZai Lab LtdA series of lock-up periods expire in the Hong Kong stock market this week, potentially bringing selling pressure. Zhipu's six-month lock-up for cornerstone investors ends on the 8th, releasing 25.6 million shares, equivalent to about 6% of its outstanding shares. The Chinese AI developer's stock price has surged more than 1,200% since listing. MiniMax and Tianshu Zhixin are two of the six companies whose lock-up periods end this week, with 45% and 4.3% of their outstanding shares being unlocked respectively. High returns on newly listed stocks could intensify profit-taking selling pressure, and according to EY, the average first-day return for Hong Kong IPOs in the first half of 2026 was 61%. The Hang Seng Index has fallen 8.9% so far this year. Morgan Stanley analysts noted that secondary market selling pressure will be most concentrated in July and September, potentially creating liquidity headwinds even for companies with sound fundamentals. Goldman Sachs estimates that 274 billion dollars worth of locked-up shares will be released into the Hong Kong market over the next 12 months, a record high.
MiniMax Group IncZai Lab Ltd