FaceMind Launches A-Share IPO Counseling With CITIC Securities

FaceMind initiates A-share listing counseling via CITIC Securities. The edge AI unicorn, valued at over 20 billion yuan after raising 5 billion yuan in six months, targets STAR Market eligibility.

Woofun AI reports that FaceMind has officially commenced IPO counseling for A-share listings, appointing CITIC Securities as the lead counselor. Filing documents indicate the company lacks a controlling shareholder, with Beijing Qingyu Qihang holding the largest stake at 16.45%. The firm remains in the counseling phase and has not yet submitted a formal application.

FaceMind specializes in edge-side large models deployed on devices such as smartphones, vehicles, and robots. Its MiniCPM series has surpassed 38 million downloads and is integrated into vehicles from Changan, SAIC, and Geely. The company raised over 1 billion yuan in two rounds during the first quarter of this year and secured additional funding in July, bringing cumulative financing for the first half of the year to over 5 billion yuan. This positions FaceMind as the highest-valued unicorn in the edge intelligence sector, with a valuation exceeding 20 billion yuan. While the STAR Market revised its listing standards in June to include AI large model companies, FaceMind has not disclosed its intended listing segment.