Xiaohongshu Prepares Confidential Hong Kong IPO Filing, Targets $70 Billion-Plus Valuation

worldchinabusinessstocks 5 posts · 5 accounts

Xiaohongshu is working with advisers on a confidential filing for a Hong Kong initial public offering this month, with the Chinese social media app targeting a listing as early as year-end at a valuation of more than $70 billion.

The offering could rank among Hong Kong’s largest listings in recent years if it proceeds. The valuation sought is above the roughly $50 billion level seen in recent private secondary trades.

From the sources (5 posts)

@bpaynews

JUST IN: Xiaohongshu aims to file for a HK IPO by month-end at a roughly $31B valuation, per Bloomberg; quiet listing could signal broader tech-cap flows into Hong Kong. $XHS?

@business

Xiaohongshu is working with advisers on a potential listing that could rank among Hong Kong’s largest in recent years

@firstsquawk

XIAOHONGSHU AIMS FOR A HONG KONG IPO BY YEAR-END, WITH INVESTORS SEEKING A VALUATION OVER $70 BILLION-WSJ

@techmeme

Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades (Wall Street Journal) (Visit Techmeme dot com for the link and full context!)

@mandyc852

Xiaohongshu preparing confidential Hong Kong IPO filing this month, working with advisers on what could rank among the city's largest listings.

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