Bytedance is a provider of cutting-edge technology, namely online platforms with entertainment value. The company’s mission is to support creativity, content creation, and commerce to enrich users’ lives through their broadcasting, gaming, and streaming offerings.
Bytedance was founded by Zhang Yiming in 2012, and is the parent company of the hit content-sharing platform, TikTok, which has over 1 billion global users.
Bytedance’s general strategy has been to launch many features quickly to see which features users like the most. Then Bytedance develops the most popular feature into an app. Bytedance apps also utilize artificial intelligence to analyze user behavior data to personalize recommendations to users.
Besides TikTok, the China based tech company owns subsidiaries Douyin and Toutiao. Douyin is the company’s crown jewel super app which generates the most revenue.
The US government has been concerned that Bytedance might share private data from over 150 million US TikTok users with the Chinese government. Bytedance CEO Liang Rubo started Project Texas in March 2023 with the goal of protecting US TikTok users' data.
Bytedance and TikTok made news headlines recently when President Biden and the Senate agreed to ban TikTok sales in the US for national security reasons. Bytedance has filed a lawsuit opposing the US ban. Sources estimate that the US constitutes one-quarter of TikTok’s user base.
Direct transfers are permitted for existing investors only. New investors can get indirect exposure via special purpose vehicles or forward purchase contracts.
Bytedance stock is actively traded in the private market. Sell interest has outweighed buy demand since 2022.
Bytedance is up 2.65% year to date however it has declined 7.53% in the last 12 months. Bytedance increased by 10.7% in the first quarter of 2024 following two quarters of decline. It fell by 4.56% in the last quarter of 2023 and by 6.05% in the third quarter of 2023.
Last Updated on June 21, 2024
Bytedance has raised a total of $6.1 billion from venture capital firms over 7 financing rounds. Its funding rounds increased in size by a factor of 100 from $1 million raised in 2012 to $100 million raised in 2014, and again by a factor of 10 when it raised $1 billion in 2017.
Type | Valuation | Date | PPS | Source |
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Yes. Bytedance (TikTok) is a private venture-backed company. Investors usually purchase preferred stock and employees typically receive common stock options or restricted stock units (RSUs) as part of their compensation.
Since it is not publicly listed, there is no Bytedance (TikTok) stock symbol or Bytedance (TikTok) ticker symbol assigned for Bytedance (TikTok).
Private companies typically reserve a stock symbol up to two years prior to an IPO, and disclose this when they file a Form S-1 with the Security Exchange Commission when they start the IPO process.
If you own shares of a private company, it may be possible to find liquidity for your holdings before the company goes public. Finding the right private market broker can make all the difference as the best brokers can leverage deep industry relationships and negotiate on your behalf.
If you are interested in selling private stock you can reach out to Premier brokers for more information.
Private market transactions can be complex and may involve company approvals, legal purchase agreements and wires to third parties. Trades can take 30 - 60 days to complete which is why many investors work with experienced private market brokers to help guide the process.
Direct share transfers typically require issuer approvals. Issuers may exercise the right of first refusal (ROFR) in order to direct the seller to a buyer of their choosing.
Some issuers do not allow transactions. In these cases, buyers will need to purchase indirect interests in the business via special purpose vehicles (SPVs) or forward purchase contracts (forwards).
Bytedance (TikTok) stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Bytedance (TikTok) stock might be available for purchase in the secondary markets, but Bytedance (TikTok) stock is not available for purchase by the general public, and can not be purchased through traditional brokerage accounts.
Only accredited investors and qualified purchasers can buy private stock. These investors buy pre-IPO stock in the secondary market from existing employees and investors.
To learn more about the market for Bytedance (TikTok) stock, talk to the best brokers on the planet.
Accredited investors can purchase shares in private companies like Bytedance (TikTok). Investors can rely on Notice Premier Brokers to find supply and guide them through the trading process.
Because Bytedance (TikTok) is privately held, its stock is not available for purchase through public stock exchanges like the NYSE or Nasdaq. Retail investors can not access this stock via traditional brokerage accounts, and are not allowed to invest directly in Bytedance (TikTok) pre-IPO.
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