MiniMax (Xieru Technology), a prominent domestic enterprise specializing in large-scale AI models, has successfully secured the recordation from the China Securities Regulatory Commission and cleared the Hong Kong Stock Exchange's hearing process. The company is now poised to make its public debut in January 2026. Established in early 2022, MiniMax is on track to achieve a remarkable feat: if its listing goes as planned, it will set a record as the world's fastest AI company to transition from inception to an Initial Public Offering (IPO) in a mere four years. Moreover, it will make its entrance into the capital market as the "pioneering globally-oriented Artificial General Intelligence (AGI) stock." At present, MiniMax boasts a vast user base of 212 million individuals spanning over 200 countries and regions worldwide, and it has garnered the patronage of more than 100,000 enterprise clients. The company has achieved sustainable profitability through a dual revenue model comprising paid subscriptions and fees for model calls.