Published 4 years ago

ByteDance says TikTok Global plans public offering

Summary by Reuters

- China's ByteDance said on Monday that TikTok Global will launch a public offering of shares to enhance the corporate governance structure and transparency for the firm that will control the video platform's U.S. operations. ByteDance said in a statement TikTok Global will also conduct a pre-IPO round that will leave ByteDance with an 80% stake in the firm. The firm said TikTok

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Times of India

TikTok Global to launch public offering, says ByteDance

TikTok Global plans to hold a public listing, its Chinese parent company ByteDance said on Monday, after announcing a deal over the weekend that would avert a shutdown of the popular app in the US. The agreement sees Oracle become the data partner for the video-sharing platform while Walmart becomes a commercial partner, creating a new US company called TikTok Global.

4 years ago·India

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News18 India

ByteDance Says TikTok Global Plans Public Offering

China's ByteDance said on Monday that TikTok Global will launch a public offering of shares to enhance the corporate governance structure and transparency for the firm that will control the video platform's U.S. operations.

4 years ago·India

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The Guardian

ByteDance to float TikTok Global to allay transparency fears

Parent company ByteDance, under pressure in China not to give in to US demands, said the plan ‘does not involve the transfer of any algorithms’A new company set up to allow TikTok to continue operating in the United States plans to float on the stock market in an effort to increase transparency and show the Trump administration that it will adhere to regulatory oversight.TikTok Global plans to hold a public listing, its Chinese parent company By…

4 years ago·London, United Kingdom

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Reuters

ByteDance says TikTok Global plans public offering

4 years ago·United Kingdom

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NDTV

TikTok Global to Launch Public Offering, Parent Firm ByteDance Says

TikTok Global plans to hold a public listing, its Chinese parent company ByteDance said Monday, after announcing a deal over the weekend that would avert a shutdown of the popular app in the US.

4 years ago·New Delhi, India

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Channel News Asia

ByteDance says TikTok Global plans public offering

NEW YORK: China's ByteDance said on Monday (Sep 21) that TikTok Global will launch a public offering of shares to enhance the corporate governance structure and transparency for the firm that will control the video platform's US operations. ByteDance said in a statement TikTok Global will also ...

4 years ago·Singapore

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