# MiniMax: valuation, funding, and the secondary tape

## The short version

- No priced instruments on record yet; milestones only.

| instrument | value | as of | source |
|---|---|---|---|
| Claimed valuation | n/a |  | graph |


## Recent milestones

- 2026-09-22 - [Open-weights licensing watch (primary, model card): the MiniMax Community License is free only for non-commercial use; commercial use requir](https://huggingface.co/MiniMaxAI/MiniMax-M3/raw/main/LICENSE)
- 2026-08-26 - [First interim results as a listed company (H1 2026, filed Aug 26): revenue US$116.573M, +283.1% YoY from US$30.429M - already ABOVE the full](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0826/2026082600680.pdf)
- 2026-01-09 - [MiniMax Group listed on the HKEX Main Board (Jan 9 2026) as a Chapter 18C Specialist Technology Company: 29,197,600 Class A shares at HK$165](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0302/2026030202837.pdf)

[marks](https://data.somen.ai/marks) | [napkin](https://data.somen.ai/napkin) | [scorecard](https://data.somen.ai/scorecard) | [all companies](https://data.somen.ai/companies)

*Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.*