---
title: "New Stock News | Xiaohongshu rumored to be preparing for IPO again, informed sources respond: the news is not true"
description: "Xiaohongshu is once again rumored to be preparing for an IPO, but insiders have responded that the news is not true. The company's latest round of financing was conducted through the transfer of exist"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/211084149.md"
published_at: "2024-08-08T11:13:04.000Z"
---

# New Stock News | Xiaohongshu rumored to be preparing for IPO again, informed sources respond: the news is not true

> Xiaohongshu is once again rumored to be preparing for an IPO, but insiders have responded that the news is not true. The company's latest round of financing was conducted through the transfer of existing shares to help early investors exit. According to data, Xiaohongshu has shown strong performance, with a 20% year-on-year increase in monthly active users and an 85% year-on-year growth in revenue in 2023

According to the Smart Finance app, in response to recent rumors of an upcoming IPO by Xiaohongshu, on August 8th, a source close to Xiaohongshu stated that the above news is not true.

On July 12th, it was reported by the media that Xiaohongshu had completed a new round of financing, with the company's market valuation reaching $17 billion. This round of financing was participated in by foreign venture capital firms DST Global and Sequoia China, as well as other investors such as Hillhouse, Boyu, and CICC. According to 36Kr, this round of financing is not the rumored "Pre-IPO final new stock financing", but rather a transfer of equity through the sale of existing shares. To help early investors exit, Xiaohongshu personally orchestrated this transaction.

Tianyancha shows that DST Global is an investment group headquartered in Moscow, Russia, with its headquarters now relocated from Moscow to Hong Kong. DST Global has previously invested in well-known companies such as Facebook, Twitter, WhatsApp, Snapchat, and Spotify; as well as internet companies like JD.com, Alibaba, Xiaomi, Didi, Toutiao, and Meituan.

In terms of performance, Xiaohongshu's monthly active users in 2023 increased by 20% year-on-year to 312 million, revenue increased by 85% year-on-year to $3.7 billion, and net profit reached $500 million (over 3.5 billion RMB), far exceeding Xiaohongshu's initial forecast of $50 million for 2023

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
