TikTok Global plans IPO, says ByteDance
Mon, Sep 21, 2020 10:41 AM

TikTok Global plans IPO, says ByteDance

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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.

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