Zhipu AI, MiniMax shares to provide gut check for Hong Kong investors as lock-ups end
Hong Kong's stock market faces potential sell-off pressure as lock-up periods for major AI and semiconductor firms like Zhipu AI and MiniMax expire. Analysts warn that the release of millions of shares, combined with potential secondary offerings, could drain market liquidity.
Why it matters
The expiration of these lock-ups serves as a critical test for investor confidence in the AI sector and the broader Hong Kong equity market.
Hong Kong’s stock market could face sell-off pressure amid a torrent of new share supply in coming days as the six-month lock-up period ends for hot artificial intelligence and semiconductor picks including Zhipu AI and MiniMax.
Focuses on market mechanics and analyst commentary without ideological bias.
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