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GateUser-170ee8b1

MiniMax's IPO pace is quite fast, with ARR growth over 100%, and 70% of revenue coming from overseas. Yan Junjie is quite ambitious.

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CoinNetwork
MiniMax Launches A-Share IPO: Two Hong Kong Stock Big-Model Leaders Expected to Meet
MiniMax signed an listing guidance agreement with CITIC Securities on May 29, 2026, officially launching its A-share IPO, and may run alongside Zhipu AI in the future. The company has over 1 million global customers and 300 million global users, with ARR growth exceeding 100% in the past two months. In 2025, total revenue was $79.04M, with over 70% from international markets; gross profit was $20.08M, with a gross margin of 25.4%. Founder Yan Junjie stated that in the next three years, the company will transform into a platform-based company and deepen its global expansion.
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