MiniMax, a prominent AI large model company based in Shanghai, has filed for an A-share IPO with the China Securities Regulatory Commission, marking a significant step in its expansion. The filing, submitted on May 29, positions MiniMax alongside Zhipu in the race to become the first A-share company focused on large models. CITIC Securities is serving as the counseling institution for this process. Following its Hong Kong IPO earlier this year, MiniMax's stock price has surged, closing at HK$840 on May 29, a 409.09% increase from its issue price. The company's market capitalization now stands at HK$263.454 billion. MiniMax's strong financial performance is underscored by its Annualized Recurring Revenue (ARR), which has exceeded $300 million, doubling over the past two months. The company has also expanded its global user base to approximately 300 million, with over one million enterprise and developer customers. In product developments, MiniMax has launched several flagship large language models and plans to release the MiniMax-M3 model soon. The new model features the MiniMax Sparse Attention mechanism, significantly enhancing processing speeds and reducing latency. As domestic large model companies accelerate their public listing efforts, MiniMax's strategic moves highlight its ambition to secure a leading position in the AI sector.