Major Pre-IPO and Cornerstone Investors in MiniMax Affirm Long-Term Commitment Ahead of Lock-Up Expiry

Stock News
Jul 08

As the lock-up period for cornerstone investors in MINIMAX-WP (00100) approaches, over 80% of its Pre-IPO and cornerstone shareholders have explicitly affirmed their long-term confidence and intention to continue holding their shares.

The institutions making this commitment include cornerstone investors such as Aspex, Boyu, IDG, and Martis Fund, state-owned capital entities including China Life Investment and Xuhui Capital, as well as early shareholders like Alibaba, miHoYo, Yunqi Partners, and Momentum Venture. This group encompasses a diverse range of investor types, including strategic industrial investors, international long-term funds, state capital and local industrial investment platforms, market-oriented professional investment institutions, and public funds.

On the afternoon of the 8th, shares of MINIMAX-WP experienced a rapid intraday surge of nearly 20%, reaching a high of HK$389.8.

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