稀宇科技启动招股 预计将于1月9日港股上市

Core Viewpoint - Shanghai-based AI unicorn MiniMax (稀宇科技) officially launched its IPO on December 31, 2023, with plans to list on the Hong Kong stock market on January 9, 2026, aiming for a valuation between HKD 461.23 billion and HKD 503.99 billion [1][2]. Group 1: IPO Details - MiniMax plans to issue 25.39 million shares, with a pricing range of HKD 151 to HKD 165 per share [1]. - The company has secured 14 cornerstone investors, including Aspex, Eastspring, Mirae Asset, Alibaba, and E Fund, with a total subscription amount of approximately HKD 2.723 billion [1]. Group 2: Company Background - Founded in early 2022, MiniMax is among the first batch of large model enterprises in China, with founder Yan Junjie previously serving as Vice President at SenseTime [1]. - The company focuses on advancing artificial intelligence technology to achieve general artificial intelligence [1]. Group 3: Product Development and Financial Performance - MiniMax has developed a series of multimodal general large models, including MiniMax M2, Hailuo 2.3, Speech 2.6, and Music 2.0, capable of understanding and generating various modalities such as text, audio, images, video, and music [2]. - The company has launched several AI-native products and an open platform for enterprises and developers [2]. - Revenue has shown significant growth over the past three years, with figures of USD 3.46 million in 2023, USD 30.52 million in 2024, and USD 53.44 million in the first three quarters of 2025, reflecting a 782.2% increase in 2024 compared to 2023 and a 174.7% year-on-year increase in the first nine months of 2025 [2].