Chinese social media firm Xiaohongshu taps Goldman, CICC to work on Hong Kong IPO (opens original article in a new tab)

Chinese social media firm Xiaohongshu is working with Goldman Sachs and CICC on a potential Hong Kong IPO, following an unsuccessful US IPO attempt in 2021. The company's valuation was reported at $50 billion in 2023.

• Chinese social media platform Xiaohongshu is preparing for a potential Hong Kong IPO with Goldman Sachs and CICC
• Xiaohongshu's valuation reached $50 billion in private secondary trades in late 2023
• The company previously attempted a US IPO in 2021 which failed due to regulatory concerns