Two people familiar with the matter revealed that the company's valuation given by Xiyin Underwriting Investment Bank to potential investors was less than 30 billion US dollars, down about 70% from its peak valuation. Two other people familiar with the company's plans said that Xiyin's internal target valuation is 30 billion US dollars. One of them said that if the final IPO valuation falls below this standard, the company may need to go back to negotiations with existing shareholders before proceeding with the listing. Another person familiar with the matter revealed that investors have indicated that they are willing to subscribe for shares in the valuation range of 25 billion to 29 billion US dollars. Xiyin did not respond to requests for comment; Goldman Sachs and Morgan Stanley, the two leading investment banks in this IPO declined to comment, while J.P. Morgan, the third leading investment bank, did not respond to the interview.

Two people familiar with the matter revealed that the company's valuation given by Xiyin Underwriting Investment Bank to potential investors was less than 30 billion US dollars, down about 70% from its peak valuation. Two other people familiar with the company's plans said that Xiyin's internal target valuation is 30 billion US dollars. One of them said that if the final IPO valuation falls below this standard, the company may need to go back to negotiations with existing shareholders before proceeding with the listing. Another person familiar with the matter revealed that investors have indicated that they are willing to subscribe for shares in the valuation range of 25 billion to 29 billion US dollars. Xiyin did not respond to requests for comment; Goldman Sachs and Morgan Stanley, the two leading investment banks in this IPO declined to comment, while J.P. Morgan, the third leading investment bank, did not respond to the interview.