Xiaohongshu Reportedly Withdraw from US Listing

7月17日

BEIJING, July 16 (TMTPOST) — Chinese lifestyle startup Xiaohongshu has reportedly pulled out from its American public listing.

Xiaohongshu was originally planning to launch its IPO in the U.S. around mid 2021, International Financing Review reported, quoting sources familiar with the matter. It is reported that the company is trying to raise around US$500 million to US$1 billion through the IPO. 

Xiaohongshu has declined requests for comment on this report.

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