Key facts
- Xiaohongshu is reportedly exploring a potential listing.
- The company is working with advisers on the potential listing.
- The listing could be one of Hong Kong's largest in recent years.
- Patsnap has confidentially filed for an IPO in Hong Kong and Singapore.
- Patsnap is on track for a listing as soon as this year.
Xiaohongshu, a popular Chinese social media and e-commerce platform, is reportedly in the process of working with advisers to explore a potential listing on the Hong Kong Stock Exchange. This move, if it proceeds, could represent one of the largest IPOs in the region in recent times. Patsnap has also confidentially filed for an IPO in Hong Kong and Singapore, positioning it for a potential listing as early as this year. Xiaohongshu has not yet made an official announcement regarding its plans.