MiniMax considering IPO in Hong Kong? Insider: True, still in the initial preparation stage

2025-06-18 20:31:03

AI unicorn Xiyu Technology (MiniMax) is considering an initial public offering (IPO) in Hong Kong. On June 18, a person familiar with MiniMax told reporters that MiniMax does have similar ideas internally, but it is still in the initial preparation stage. MiniMax was founded in 2021. In March 2024, MiniMax received US$600 million in Series A financing, with a post-investment valuation of US$2.5 billion, led by Alibaba. Previous investors also included Tencent. According to media reports, MiniMax's actual valuation has now exceeded the "US$2.5 billion" reported in 2024.

AI Alibaba Tencent

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