TikTok Global to launch public offering, Chinese parent firm says
TikTok Global to launch public offering, Chinese parent firm says

Beijing (AFP) – TikTok Global plans to hold a public listing, its Chinese parent company ByteDance said Monday, after announcing a deal over the weekend that would avert a shutdown of the popular app in the US.The agreement, which has been approved by Donald Trump, sees Silicon Valley giant Oracle become the data partner for the video-sharing platform while Walmart becomes a commercial partner, creating a new US company called TikTok Global.On Monday, ByteDance said in a statement on social media that TikTok Global plans to launch a “small round of pre-IPO financing”, after which it would beco…

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