“TikTok parent ByteDance in early IPO talks to list businesses including short video app Douyin.”
That’s according to reports from CNBC and Reuters.
ByteDance is worth $140 billion.
That makes it the No. 1 most valuable private company in the world. And it’s worth more than T-Mobile (NASDAQ: TMUS), Starbucks (NASDAQ: SBUX) and IBM (NYSE: IBM).
ByteDance is now making plan for a series of initial public offerings or IPOs. These deals could hand Pre-IPO investors huge gains (click here for details).
The latest news is that the company plans to take its Chinese short video app public in an IPO. This app is called Douyin – and it’s essentially the TikTok app for China.
CNBC and Reuters report that the company could go public on either the Shanghai or Hong Kong stock exchanges.
Yet this IPO is one of three deals in the pipeline.
ByteDance also operates a news aggregation business called Toutiao. And it’s rumored that this private company could also be spun off as a public company.
Finally, there’s TikTok Global.
This is company’s TikTok app that operates in the U.S., Canada and a select group of English-speaking countries.
TikTok Global is expected to be spun off in conjunction with an investment from Oracle (NASDAQ: ORCL) and Walmart (NYSE: WMT). That transaction is happening with pressure from President Trump to sell TikTok to American investors.
TikTok Global is expected to go public with an IPO in 2021 on the NASDAQ or NYSE.
Investors have put over $7.4 billion into ByteDance.
The company has only been around since 2012. Yet the total valuation of the company is more than $150 billion.
That means these venture capitalists are looking for an exit.
An IPO is perhaps the best way to maximize the value of ByteDance. The company’s huge valuation makes it an unlikely acquisition target.
That’s why ByteDance is considering launching two or three IPOs to maximize shareholder value.
These transactions will allow existing shareholders and its venture capital investors such as Sequoia Capital and General Atlantic to lock in profits.
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