Sou Hu Cai Jing·2026-01-09 08:46Group 1 - MiniMax Group Inc. officially listed on the Hong Kong Stock Exchange on January 9, with a pre-green shoe offering size of approximately $619 million and a post-green shoe size of about $712 million assuming full exercise of the green shoe option [2] - CICC served as the lead sponsor and played a crucial role in project execution, ensuring the successful completion of the listing timeline and attracting over 100 opinion leader investors globally [3] - The project is a significant case of CICC's support for the AI industry, showcasing the ability to attract global capital attention to Chinese tech companies [3] Group 2 - MiniMax is a leading general artificial intelligence technology company, established in early 2022, with a mission to advance AI technology and achieve general artificial intelligence [4] - The company is the only independent AI large model company in China with multimodal models ranked in the top tier globally, offering a range of AI-native products and an open platform for enterprises and developers [4] - MiniMax has served over 212 million individual users from more than 200 countries and regions, as well as over 100,000 enterprise clients and developers from more than 100 countries and regions [4] Group 3 - This IPO is the largest for an AI large model company to date and represents the largest AI company IPO globally in the past four years [5] - MiniMax achieved the fastest listing from establishment to IPO among AI large model companies [5] - The international placement was oversubscribed by 36.8 times, indicating strong interest from sovereign funds and long-term investors [5]