business
Chinese social media firm Xiaohongshu taps Goldman, CICC to work on Hong Kong IPO, sources say
Key takeaways
- The potential IPO size and valuation are not immediately known, but another two separate sources said that Xiaohongshu was valued in private secondary trades at as much as $50 billion towards the end of last year.
- The company, also known as RedNote, could list as early as the second half of this year, the two separate sources said.
- Shanghai-based Xiaohongshu did not respond to requests seeking comment.
Chinese social media firm Xiaohongshu taps Goldman, CICC to work on Hong Kong IPO, sources say Illustration shows Red Note logo · Reuters Kane Wu and Yantoultra Ngui Tue, June 16, 2026 at 6:37 PM GMT+7 2 min read By Kane Wu and Yantoultra Ngui
HONG KONG, June 16 (Reuters) - Chinese social media platform Xiaohongshu has tapped banks including Goldman Sachs and CICC to work on a potential Hong Kong initial public offering, two sources with knowledge of the matter said.
The potential IPO size and valuation are not immediately known, but another two separate sources said that Xiaohongshu was valued in private secondary trades at as much as $50 billion towards the end of last year.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop