ByteDance serves as a global incubator of cutting-edge platforms in the realms of commerce, content, entertainment, and enterprise services. The company's core purpose revolves around fostering creation. ByteDance's products are specifically designed to cultivate imaginations, while its dedicated teams drive innovation. The overarching mission is to inspire creativity and enhance the quality of life. ByteDance remains committed to establishing a safe, healthy, and positive online environment for all users. Upholding high ethical standards and fostering a culture of integrity remain crucial throughout the company's development.
Bytedance (TikTok) stock is not currently traded in the private markets. We do not have enough data to print a price history for Bytedance (TikTok) right now.
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Bytedance (TikTok) Valuation
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Bytedance (TikTok) IPO
Bytedance is a private Chinese tech company founded in 2012. Bytedance derives ad-based revenue as well as revenue from broadcasting, gaming, and streaming.
The Bytedance valuation in 2020 reached $180 billion when the company raised $2 billion in a private equity in a funding round. The company is the world’s most valuable private tech unicorn. Since the company is private, the general public can not invest in Bytdance tech stock.
In 2021 the company was reportedly working towards a US public listing. In March 2021, the company hired a CFO, causing a buzz about a Bytedance IPO date announcement.
In August 2022, Julie Gao, the Bytedance CFO, informed employees that they were not planning to launch an IPO. The company did allow some employees to exercise and cash out their options. Bytedance stock price was $155 per share in this employee options offer. A $155 this Bytedance share price represented a 20% valuation drop from the employee stock option price in 2021.
Abu Dhabi firm G24 bought a $100 million of Bytedance stock in March 2023 from existing investors at $220 billion valuation.
Privately-held US companies set baseline internal benchmarks to qualify for an IPO. Information on such Bytedance benchmarks are unknown.
No details have been disclosed about the minimum Bytedance market cap for a public offering. The company has not released the initial target Bytedance IPO share price. The threshold for minimum gross proceeds from an IPO stock sale is also unknown.
TikTok, Douyin, and Toutiao are owned by parent company Bytedance. Douyin is the company’s crown jewel super app bringing in the most revenue. Other private companies in the social media industry are Whatnot, Sharechat, and Triller.
The company's strategy has been to launch many features quickly to see which ones people like the most. Then Bytedance disregards the less interesting features and develops the most popular feature into it an app. Bytedance apps successfully utilize artificial intelligence analysis on user behavior data to generate recommendations which drive usage.
Revenue for Bytedance has been rapidly climbing with a 30% reported year over year increase in 2022 to $80 billion. The company has received major venture capital funding from Sequoia Capital, KKR, Tiger Global, General Atlantic, SoftBank, Primavera, and others.
With revenue increasing consistently Bytedance CEO Liang Rubo may consider launching an IPO. However, the company has not filed a form S-1 with the Securities and Exchange Commission.
Regulations are a part of any private company's IPO process. Bytedance's plans for a US or Chinese IPO have been subject to Chinese and US regulatory scrutiny.
In 2021 the Chinese government began enforcing cybersecurity reviews of companies, like Didi, after securing capital through a US IPO. At that time Bytedance put its IPO plans on hold. Experts say China uses cybersecurity reviews to compel Chinese companies to delist from US exchanges and list on the Hong Kong Stock Exchange.
Bytedance could launch a TikTok IPO separately from its parent company to maneuver around full US supervision and extensive Chinese security checks. This scenario would offer the US public an opportunity to directly invest in TikTok. TikTok's CEO, Shou Zi Chew, has prior experience launching IPOs. In 2018 Chew led Chinese phone company Xiaomi in its public offering.
The Chinese government may establish new regulations that could adversely impact ByteDance’s revenue stream. China has historically set such restrictions in sectors like education and gaming which negatively impacted their private mega tech companies.
Private companies eyeing an exit must also consider market conditions. Early 2023 TikTok has noticed that US user adoption was slowing down. The social media industry has seen revenue from advertisements declining.
Geopolitical tensions also impact the timing of a US Bytedance stock IPO. US federal and state regulators cracked down on government officials' usage of TikTok viewing the app as a national security risk.
The US government fears Bytedance may share private data from over 150 million US TikTok users with the Chinese government. Liang Rubo, Bytedance CEO, started Project Texas in March 2023. Project Texas's sole objective is to protect US TikTok users's data.
Given the climate of market conditions and political hurdles, the Bytedance IPO timeline may not be announced for some time.
Since the company is private, there is no Bytedance ticker symbol yet assigned to Bytedance stock. Bytedance stock is not available on the NYSE or NASDAQ stock exchange.
This page will be updated to present current information on the Bytedance IPO timeline.
Does Bytedance (TikTok) have stock?
Investors usually get preferred stock and employees typically get common stock options or restricted stock units.
How to buy Bytedance (TikTok) stock?
Bytedance (TikTok) stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Accredited investors are permitted to buy Bytedance (TikTok) stock pre-IPO.
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Trades can take 30 - 60 days to complete and that's why many investors hire experienced private market brokers to ensure things go smoothly. Notice members can message expert brokers for free to learn more about buying and selling private stocks.
What is the Bytedance (TikTok) Stock Symbol?
Bytedance (TikTok) does not have stock symbol nor does it trade in the public stock market because it is not a public company.
Bytedance (TikTok) will choose a stock symbol or stock code prior to IPO.
Bytedance (TikTok) will appear in the Notice stock ticker if it has recent private market activity.
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