MINIMAX-WP's stock plummeted 5.12% during intraday trading on Monday, reversing earlier gains from the session's opening.

The AI startup's shares had opened sharply higher, rising as much as 8% in early trading after the company announced it was exploring a listing on Shanghai's STAR Market and launched its next-generation M3 model with advanced AI capabilities including 1 million token context and top-tier programming features.

However, the early surge prompted investors to lock in profits, leading to significant selling pressure that drove the stock down by over 5% from its session highs as traders took gains following the stock's recent strong performance.