Mr WHALE

#XiaohongshuHKIPOValuationAbove$70B 🇨🇳📈 XIAOHONGSHU EYES $70B+ HONG KONG IPO — A MASSIVE COMEBACK STORY 🚀 China's "Little Red Book" is gearing up for one of Hong Kong's biggest tech listings in years. Xiaohongshu (RedNote) is preparing to list as early as the end of 2026, with major investors pushing for a valuation above $70 billion, a steep jump from the roughly $50B implied by recent private secondary transactions. Goldman Sachs and CICC are reportedly advising the deal. The turnaround is wild: valued at just $17B in its 2024 funding round, the company's valuation surged to $31B by last September before this latest $70B target emerged. With 400M+ monthly active users and projected 2026 profit north of $3B, that values the company at roughly 23x forward earnings. This listing matters beyond China. It's a signal that Hong Kong is reclaiming its role as a global capital markets hub, with 2026 IPOs already topping $22.8B raised, and that Beijing's grip on tech listings is loosening after years of regulatory freeze. Confidence returning to Chinese tech? 👀 #Xiaohongshu #HongKong #IPO $NVDAB $SPCXB $BTC