TikTok owner ByteDance aims for Hong Kong IPO by early 2022

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TikTok owner ByteDance aims for Hong Kong IPO by early 2022

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Aug 8 – ByteDance, the Chinese owner of short
video platform TikTok, has revived its plan to go public with a
listing in Hong Kong by early 2022 after addressing Chinese
regulators’ concerns, the Financial Times reported on Sunday.
ByteDance is planning to list in either the fourth quarter
of this year or in early 2022, the FT reported https://on.ft.com/3lHv2hv,
citing sources familiar with the matter.
“We are expecting final guidance from ByteDance in
September. They are submitting all the filings with Chinese
authorities right now and are going through the review process,”
the newspaper quoted a source as saying.
ByteDance did not immediately respond to an emailed request
for comment.
Beijing-based BytDance said in April that it had no imminent
plans for an initial public offering (IPO). REUTERS
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