Last Friday (January 9), MiniMax (00100.HK), which listed on the Hong Kong Exchange, announced that the overall coordinator had fully exercised the 15% over-allotment option on January 9, 2026. This involved a total of 4,379,640 offer shares issued by the company at HK$165 per share, raising additional gross proceeds of approximately HK$723 million and additional net proceeds of about HK$697 million. Consequently, the total number of shares offered globally in MiniMax's IPO has reached 33,577,240, increasing the total funds raised to HK$5.54 billion. Following the full exercise of the over-allotment option, the total number of Class A ordinary shares held by the public represents approximately 80.8% of the total issued Class A ordinary shares. According to the company's latest data, this percentage is about 12% higher than the prescribed percentage of Class A ordinary shares required to be held by the public under Rule 8.08(1) of the Listing Rules at the time of the company's listing, thus complying with the public float requirement under Rule 8.08(1) of the Listing Rules. On its first day of trading, MiniMax's share price closed at HK$345.0, a surge of 109.09%. As of the midday close on January 12, MiniMax's shares rose another 30.72% to HK$451.0 per share, bringing its total market capitalization to HK$139.474 billion.