MiniMax Group, a Chinese artificial intelligence model company, is preparing plans for a mainland China share listing after its Hong Kong debut. According to reports, the Shanghai-headquartered firm has started steps toward issuing yuan-denominated shares onshore. It signed an agreement with Citic Securities on Friday to support preparations for a mainland offering, as part of an expected move that would give onshore investors access to an AI company beyond semiconductor firms.
Other outlets report that the company is exploring a listing on Shanghai’s STAR Market, citing a disclosure made to the Hong Kong Stock Exchange. MiniMax has been public in Hong Kong for less than five months, and its shares have risen sharply since then, with one report describing a roughly fourfold gain over that period.
While the specific terms, timing, and size of any Shanghai listing are not yet detailed publicly, the actions indicate the company is pursuing a dual-listing structure, building on its current Hong Kong listing.
