TikTok has nearly 80 million users in the United States alone and it’s one of the most popular social media platforms globally. As the service expands its global reach, it commands 1 billion active monthly users.
At present, ByteDance – the company behind TikTok – does not trade publicly. Moreover, ByteDance has made no indication regarding when it may list or how the recent dispute between the United States and China may affect a possible listing in the future.
Where Can I Purchase And Sell ByteDance (TikTok stock)?
The ByteDance (TikTok) gray market will expose investors to the IPO before the company lists. Investors can trade contracts for difference (CFDs) on the predicted market capitalization of the company before the IPO by using IG’s ByteDance (TikTok) gray market.
What Is the Return on Investment For ByteDance (TikTok)?
CrunchBase lists ByteDance’s funding rounds as 9 and a total of US$7.4 billion. According to the Wall Street Journal, ByteDance boasted an implied value of US$90-100 billion in its latest funding round – led by Tiger Global Management.
Aside from those regulatory issues, ByteDance’s TikTok makes its money primarily from advertising like most other social media companies like Facebook, Twitter, and SnapChat.
TikTok and ByteDance are currently in a highly fluid state. As of today, ByteDance’s US TikTok operations have no apparent buyer, and any deal would need the approval of the Chinese government.