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<IPO>Xiaohongshu Said to Secretly File for HK IPO as Early as End-Jun
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Xiaohongshu is preparing to confidentially submit an IPO application in Hong Kong by the end of this month, Bloomberg, citing people familiar with the matter, reported. The company is working with advisers on the potential IPO, while discussions are ongoing and details including timing, size and valuation have yet to be finalized. Tech companies led by MINIMAX-W (00100.HK) and BIREN TECH (06082.HK) have reportedly received an overwhelming reception from investors when listing in the Hong Kong market this year. Investors have urged Xiaohongshu that now would be the optimal timing for a public listing. In its latest funding round in 2024, Xiaohongshu was valued at approximately USD17 billion. Its valuation skyrocketed to USD31 billion in secondary market transactions in September last year. Xiaohongshu had told shareholders that it expected profit for last year to reach about USD3 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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