The company said on July 22 that circulating claims about an initial public offering were unfounded, responding after reports linked an alleged delay to compliance issues raised by a former employee.
Xiaohongshu has denied rumors that it quietly submitted an initial public offering filing before the end of June. The company said on July 22 that all circulating information about its IPO plans was unfounded. The statement came after reports claimed the listing process had been delayed because of compliance issues allegedly raised by a former employee.