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Recently, a partner at a prominent venture capital firm disclosed that five of the 'Six Dragons' in the AI sector are gearing up for their initial public offerings (IPOs). Following the announcement of Zhipu Huazhang's IPO, MiniMax Technology has also reportedly been considering an IPO in Hong Kong. According to The Paper, sources close to MiniMax have confirmed that the company does indeed have listing plans, but is currently in the early stages of preparation. Founded in 2021, MiniMax secured a Series A funding round of $600 million in March 2024, valuing the company at $2.5 billion post-investment. This round was led by Alibaba, with previous investors including Tencent. Additionally, MiniMax recently unveiled MiniMax-M1, the world's first open-source large-scale mixed-architecture inference model.
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