According to Wind data, the total market value of unlocked shares in Hong Kong for full-year 2026 reaches HK$1.55 trillion to HK$1.72 trillion. CICC projects July and September will rank as the top two months for unlocking scale in Hong Kong's history. Around July 9, MiniMax (0100.HK) faces its first large-scale unlocking six months post-IPO, while Geek+ confronts the unlocking of lock-up shares on its one-year listing anniversary. MiniMax surged nearly 20% intraday, with over 80% of Pre-IPO and cornerstone investors stating they will hold long-term, while Goldman Sachs, Bank of America, and Citigroup collectively issued "Buy" ratings focused on M3 commercialization efficiency. Geek+ counters with 2025 full-year revenue of 3.17 billion yuan (approximately $466.8 million), gross profit of 1.12 billion yuan (approximately $165.6 million), and both adjusted net profit and operating cash flow turning positive.