Just months after listing in Hong Kong, MiniMax is considering a second move in the public market, this time in mainland China.
The artificial intelligence company said its board has approved a preliminary proposal to explore the issuance of RMB-denominated shares and a potential listing on Shanghai’s STAR Market. The process may involve appointing professional advisors and consulting securities regulators, MiniMax said in a May 31 filing.
The company has already hired advisers to assess whether it meets the requirements for a Star Market listing and has signed a listing guidance agreement, according to the filing.
MiniMax cautioned that the plan remains at an early stage. Any concrete proposal, if made, would require further board and shareholder approvals where applicable, as well as clearance from mainland and local regulators.
The move follows MiniMax’s Hong Kong listing, for which the company had indicated plans to use IPO proceeds for R&D and global expansion. That plan aligned with MiniMax’s positioning as one of China’s major generative AI companies, backed by investors including Alibaba and Tencent.
