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Xiaohongshu to list in Hong Kong the fastest, or by the second half of the year; by the end of the year, the valuation in the private secondary market could reach $50 billion.

MarsBitNews
According to reports, insiders say that Xiaohongshu has hired investment banks, including Goldman Sachs Group and CICC International, to provide services for its potential Hong Kong IPO. It is still unclear what the specific fundraising amount and valuation for this IPO will be. However, two other insiders said that in private secondary market transactions at the end of last year, Xiaohongshu’s valuation once reached as high as $50 billion. They said Xiaohongshu could be listed as early as the second half of this year. (Sina Finance)
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