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MiniMax Files for Hong Kong IPO with Over $10 Billion in Funding and 212 Million Users

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KuCoin exchange reports a new listing update as MiniMax files for a Hong Kong IPO with over $10 billion in funding and 212 million users. The AI startup, founded in December 2021, generated $53.4 million in revenue for the first nine months of 2025, up 174.7% year-on-year. It plans to use 70% of IPO proceeds for R&D. The KuCoin listing announcement highlights growing interest in AI-driven tech firms.
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