Movement Alert｜MINIMAX-WP Rises 3.39% in Regular Trading, Officially Launches A-Share IPO Process on STAR Market

Market Focus

Jun 01

On June 1, MINIMAX-WP rose 3.39% in regular trading, trading at HK$866.0/share, with trading volume of HK$248 million. The rise was driven by news that MiniMax has formally initiated its A-share IPO process targeting the Science and Technology Innovation Board (STAR Market).

According to regulatory filings, MiniMax signed a tutoring agreement with CITIC Securities on May 29, officially commencing the A-share listing process. The company's board confirmed its decision to explore issuing RMB-denominated shares and has engaged professional advisors on STAR Market listing requirements. If successful, MiniMax would achieve a dual Shanghai-Hong Kong listing, further broadening its financing channels and connecting with mainland capital markets.

In addition, the company launched the MiniMax M3 model today. Latest business data disclosed on May 28 shows annualized recurring revenue grew over 100% in the past two months, with global enterprise and developer clients surpassing one million — a fivefold increase from six months prior — and approximately 300 million global users.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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