New stock on the first day | MINIMAX-WP(00100) is listed for the first time with a 42.67% increase in the opening price in the early session. The company is a global leader in AI large model company.

MINIMAX-WP (00100) was listed on the market, with an announcement showing that the price per share was 165 Hong Kong dollars, with a total issuance of 29.1976 million shares, 20 shares per lot, and a net proceeds of approximately 4.596 billion Hong Kong dollars. As of the time of writing, it has increased by 42.67%, trading at 38 Hong Kong dollars, with a turnover of 143 million Hong Kong dollars. Public information shows that MiniMax is a leading global general artificial intelligence technology company. The company has independently developed a series of multimodal general large models, including MiniMax M2, Hailuo 2.3, Speech 2.6, and Music 2.0, with code and agent capabilities, as well as long-context processing capabilities. It can understand, generate, and integrate various modes including text, audio, images, videos, and music. Based on these self-developed models, the company has launched a series of AI native products globally, including MiniMax Agent, Hailuo AI, MiniMax Audio, and Xingye, as well as open platforms for enterprises and developers. MiniMax's AI native product matrix has attracted a large user base, with an average monthly active users (MAU) increasing from 3.1 million in 2023 to 19.1 million in 2024, and further increasing to 27.6 million as of the nine months ending September 30, 2025. As of September 30, 2025, MiniMax has more than 212 million individual users from over 200 countries and regions, as well as over 130,000 enterprise customers from over 100 countries.