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MiniMax’s First Post-IPO Share Lock-Up Expires on July 9, 2026, With Alibaba and miHoYo Holding Stakes

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2026-06-23 04:33:44
MiniMax will see its first batch of post-IPO shares become eligible for trading on July 9, 2026, following its Hong Kong listing, according to a report cited by Cailian Press. According to ChainCatcher, two key strategic investors, Alibaba and miHoYo, said they remain long-term bullish on the artificial general intelligence sector and MiniMax’s outlook, and plan to continue cooperation in areas including cloud computing and enterprise services.

The company’s founder team previously set a voluntary 12-month lock-up period, meaning the upcoming first unlock does not involve founder or employee holdings.

MiniMax listed on the Hong Kong Stock Exchange in January this year. Public information cited in the report said the company has about 300 million users globally and more than 1 million enterprise and developer customers.

MiniMax released its new flagship model, M3, this month, and formally began IPO tutoring for a planned listing on Shanghai’s STAR Market in May.
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