Chinese social media platform Xiaohongshu is preparing for a potential Hong Kong initial public offering. Banks including Goldman Sachs and CICC are reportedly working on the deal. The company, also known as RedNote, could list as early as the second half of this year. This move follows a previous attempt at a US IPO that did not materialise.

According to Bloomberg News, citing people familiar with the matter, Xiaohongshu is preparing to confidentially file for an initial public offering (IPO)

Xiaohongshu, also known as RedNote, is reportedly preparing for a Hong Kong IPO as China tech listings rebound and investor confidence improves.