新股消息 | 顶级长线基金与全球最年轻AI团队共创长期未来 MiniMax(00100)预计将于1月9日港股上市

Core Viewpoint - MiniMax, an AI company founded in 2022, is set to launch its IPO on January 9, 2024, with a valuation between HKD 461.23 billion and HKD 503.99 billion, marking its rapid ascent in the global AI industry within just four years [1][7]. Group 1: IPO Details - MiniMax plans to issue 25,389,220 shares at a price range of HKD 151 to HKD 165 per share, aiming for a total valuation of HKD 461.23 billion to HKD 503.99 billion [1]. - The company has secured cornerstone investments totaling approximately HKD 27.23 billion from 14 investors, including Aspex, Eastspring, Mirae Asset, Alibaba, and E Fund, indicating strong market confidence [1][2]. Group 2: Business Model and Growth - MiniMax's business model has been recognized for its self-sustaining capabilities, attracting long-term capital from major international asset management firms, which is a rare consensus in the market [2]. - The company has achieved over 170% year-on-year revenue growth in the first nine months of 2025, with more than 70% of its revenue coming from international markets, showcasing its effective global market expansion [2]. Group 3: Technological Advancements - MiniMax focuses on full-modal model development and has made significant technological breakthroughs in voice, video, and text models, including the launch of the Speech 01 and Speech 02 models, which have generated over 2.2 billion hours of voice content [3]. - The company released its new generation text model, MiniMax M2, which ranked among the top five globally and first in China, reflecting its competitive edge in the AI landscape [4]. Group 4: Market Potential - The global AI market is projected to grow from USD 189 billion in 2023 to USD 4.8 trillion by 2033, indicating a 25-fold increase in just ten years, positioning MiniMax to capitalize on this rapid growth [7]. - MiniMax aims to use the funds raised from its IPO for model upgrades and the development of AI-native products, reinforcing its commitment to enhancing productivity and creativity in society [7].