Amid slow progress on the IPO, ByteDance bought back $3 billion in shares at a $300 billion valuation to allow early investors to cash out some of their equity without an IPO. In late 2023, ByteDance offered to buy back stock from shareholders for $160 per share, valuing the company at $223.5 billion. It paid $170.81 per share in another buyback offer in early 2024.
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An Express Deal allows you to sell your allocation of private shares in a given private company to another investor on EquityZen’s marketplace. More information on Express Deals can be found here and exit information can be found here. Shareholders can sell their TikTok stock through EquityZen’s private company marketplace.
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- According to a survey by The New Consumer and Coefficient Capital, 60% of Americans who are aware of TikTok worry that its content is influenced by the Chinese government.
- We’ve reviewed over 22 online stock brokerages and eToro came out on top.
- IG’s grey market price is based on our prediction of ByteDance’s market cap at the end of the first trading day.
- However, the deal was never finalized and is now under review by the Biden administration.
- Users can watch, create, and share 3 to 15-second videos on cell phones.
The company’s cloud services division https://www.forex-reviews.org/ slashed prices by up to 40% in an intense price war, aiming to capture a larger market share in China’s competitive cloud computing industry. On Public, you can Invest in stocks, ETFs, Treasuries, and cryptocurrencies, all on one of the most well-designed investing platforms. If/when ByteDance goes public, you’ll be able to look up its stock symbol and buy it in your brokerage account.
Can you invest in ByteDance?
In this article, we will answer these questions and more, as we explore the ownership, valuation, and future prospects of TikTok. TikTok is a privately held company owned by a Chinese company called ByteDance, so it does not have a stock. This could change in the future, as the rumor mill has reported that TikTok may opt for an IPO in the upcoming years.
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However, some Chinese companies, including Alibaba (BABA), trade on the New York Stock Exchange. The company has offered buyback programs twice per year since 2017, primarily as a way to provide liquidity plus500 review for investors and employees. Most recently, ByteDance repurchased $5 billion of shares at a valuation of $268 billion in December 2023. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
- In late 2021, Yiming stepped down as the chairman of ByteDance, passing his role to Liang Rubo, who now serves as both the chairman and CEO.
- On the video side, the firm is building a library of premium content and monetizing it via ads or subscription revenue, which is smart.
- Such platforms might not currently offer pre-IPO access to TikTok or ByteDance since the company faces regulatory uncertainty in China.
- TikTok plans to begin implementing the strategy in early 2023.
- In total, 12 investors invested $3 billion at a valuation of $72 billion.
Highly respected journalists break stories using Twitter, and many people claim that they get news and discussion from the app. Tencent created a social media company similar to Instagram and owns a 40% stake in Epic Games (the creator of Fortnite), and a 93% stake in Riot Games (the creators of League of Legends). In 2021, companies Walmart and Oracle were going to own a stake in a US division of TikTok named TikTok Global. Understandably, many investors were excited, but the deal fizzled out and was put on ice indefinitely. TikTok videos are so sharable because they are short five-second to one-minute long clips that can be cut and spliced using the app’s editing tools. TikTok quickly became one of the most popular video streaming apps in the world.
