However, two publicly traded investment companies hold shares of ByteDance, and anyone can buy shares in them. The acronym stands for ‘Initial Public Offering’, it’s a process used by large private companies to raise additional capital. This is done to further invest in the growth of the business or even pay off debt.
- Facebook (or Meta as it is now called) is the single largest social media platform in the world and has over 2 billion global users as of July 2020.
- Impressively, across 9 funding rounds ByteDance has raised a total of US$7.4 billion, according to CrunchBase.
- ByteDance is the Chinese company that owns TikTok, the 5th most popular social media platform in the world.
- Several politicians have advocated breaking up large social media corporations such as Facebook and Twitter, though no serious movement has gained traction yet.
- SoftBank (SFTB.Y 0.36%) is a Japanese telecom and e-commerce company that also operates a holding company and its well-known $100 billion Vision Funds.
This would create more transparency and security, while still allowing the app to function in the U.S. Currently, all TikTok user data is stored in Singapore and Virginia. As of November 2021, ByteDance was partially owned by global investors (60%), employees (20%), and co-founders Zhang Yiming and Liang Rubo (20%). How you can invest in ByteDance depends on whether you’re an accredited investor or a retail investor. It’s already been shut down in India, where it had 200 million users. The Indian government cited issues of privacy and national sovereignty.
This Impressive Monthly Dividend Stock Currently Pays Over 10 Times More Than the S&P 500
However, it seems the majority of requirements have now been met for TikTok to be listed on a US stock exchange, and the IPO is eagerly awaited. However, tensions between the US and China have meant that the IPO of TikTok (and ByteDance, TikTok’s parent company) has been put on hold. Discover the range of markets you can trade on – and learn how they work – with IG Academy’s online course. Impressively, across 9 funding rounds ByteDance has raised a total of US$7.4 billion, according to CrunchBase. At ByteDance’s latest funding round – led by Tiger Global Management – the company boasted an implied valuation of between US$ billion – according to the Wall Street Journal. We examine how you can trade ByteDance – the owner of TikTok – before a potential IPO, as well as examine a number of key variables currently impacting the company.
In June 2020, TikTok was banned in India, the world’s second-largest country by population. However, berkshire hathaway letters to shareholders that ban was later averted in a deal that the president approved. TikTok users rapidly increased in number, reaching more than 3.5 billion downloads by early 2021.
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Many investors are excitedly hoping that TikTok will finally be listed on a US stock exchange sometime during 2025, but this isn’t officially confirmed. It’s a particular concern with an app like TikTok because the app itself permits control of users’ smartphone forex money management to stop losing money cameras, microphones and sometimes tracking activity across other apps. But, it’s difficult for TikTok/Douyin and ByteDance to effectively split the business to meet both contrasting rulesets.
How to Buy the TikTok IPO
People with a financial plan have a higher net worth and more financial confidence. Get a free, personalized financial plan from NerdWallet Planning. U.S. residents who open a new IBKR Pro account will receive a 0.25% rate reduction on margin loans. While you How to buy gold futures can’t directly invest in TikTok stock, there are a few roundabout ways to gain exposure to it.
Temu’s surging popularity and growth potential have many wondering whether they can buy shares of its stock. TikTok’s user growth is slowing from the astronomical levels it saw in previous years. It’s just starting to ramp up its advertising business, though. The company generated about $10 billion in global ad revenue in 2022. TikTok’s Chinese counterpart, Douyin, generated about $19 billion.
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