ByteDance PLANNING A U.S. IPO OF TikTok GLOBAL TO SEAL THE DEAL

Highlights

• According to the sources, the filing of the IPO would be on U.S. stock exchange and likely to come in about a year

• On August 6, President Trump had ordered ByteDance to divest TikTok in the middle of growing concerns of national security

• President Trump on Wednesday reiterated that he has opposed to ByteDance retaining majority ownership of TikTok, while a small stake will be owned ....