New Stock News | Rumors say that Red has secretly submitted their Hong Kong IPO at the end of this month. Its valuation skyrocketed to 31 billion US dollars last year.

Chinanews Finance APP learned that according to reports, Chinese social platform Xiaohongshu is preparing to secretly submit its listing application to the Hong Kong Stock Exchange as early as the end of this month. Informed sources revealed that Xiaohongshu is working with investment bank consultants to advance the listing process, and the scale is expected to be one of the largest technology IPOs in Hong Kong in recent years.