This U.S.-Based TikTok Rival Could Be Gearing Up for a Billion-Dollar IPO
Triller, a competitor to ByteDance's TikTok platform, could pursue an initial public offering (IPO) in the near future, according to a recent report from Reuters. With complications in the Trump administration's push to have China-based ByteDance sell ownership of the U.S. operations of its TikTok short-form video platform to American companies, there may be added incentive for competitors in the social media category to go public.
Reuters' sources suggest that Triller has already raised $100 million in a planned $250 million private funding round, valuing the social media company at roughly $1.25 billion. That would likely be the floor-level valuation if the company were to be taken public, but interest in Triller's public debut could hinge on how things shape up for TikTok.
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Source Fool.com
