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what is tiktok stock symbol

While TikTok has yet to announce an IPO, rumors and discussions surrounding the potential for an IPO have been circulating for some time. Of course, that doesn’t mean that you can’t do it indirectly. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information.

TikTok IPO News

  1. Trade IG’s ‘grey market’ ahead of the ByteDance (TikTok) listing, allowing you to speculate on the company’s share price before it lists.
  2. TikTok is currently one of just 7 social media apps with more than 1 billion monthly active users.
  3. The acronym stands for ‘Initial Public Offering’, it’s a process used by large private companies to raise additional capital.
  4. One way that you can buy TikTok Shares is by purchasing stock in KKR & Co, as it is a publicly traded company that owns a stake in TikTok.

In June 2020, TikTok was banned in India, the world’s second-largest country by population. However, that ban was later averted in a deal that the president approved. TikTok users rapidly increased in number, reaching more than 3.5 billion downloads by early 2021.

Impressively, across 9 funding rounds ByteDance has raised a total of US$7.4 billion, according to CrunchBase. At ByteDance’s latest funding round – led by Tiger Global Management – the company boasted an implied valuation of between US$ billion – according to the Wall Street Journal. We examine how you can trade ByteDance – the owner of TikTok – before a potential IPO, as well as examine a number of key variables currently impacting the company. If you want to own Tik Tok stock, buy shares of KKR or SFTBY. When you locate one of two desired stocks, you’ll have the option to place an order. There are two primary types of orders—market orders and limit orders.

TikTok’s parent company, ByteDance Ltd., is a Chinese company founded in 2012 by Zhang Yiming. ByteDance is based in Beijing, China, though the company has offices in major cities worldwide, including New York, Los Angeles, Sydney, Mumbai, Paris, and Berlin. With its short-form videos, content creators use the platform to post anything from viral dance videos to personal finance kmx stock forecast, price and news tips.

Launched in 2016, the app has rapidly grown in popularity, boasting over a billion users worldwide. There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open.

Can I Invest in ByteDance?

Because of that, you won’t generate much passive dividend income by investing in an S&P 500 index fund. Select to analyze similar companies using key performance metrics; select up to 4 stocks. For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

what is tiktok stock symbol

TikTok plans to begin implementing the strategy in early 2023. In addition to TikTok, ByteDance has other products, such as Lark, a communication and collaboration platform. It also owns Xigua Video, a Chinese video-sharing platform comparable to YouTube.

Will TikTok go public in the future?

Some observers, including the management teams at Microsoft (MSFT), Walmart (WMT), Oracle (ORC), and ByteDance, think otherwise. Some analysts think ByteDance could use TikTok’s algorithm to identify products customers want. TikTok could send videos about hardware or tools to people who watch how-to videos for home improvement projects. Many people consider TikTok addictive because 90% of users claim to use the app daily. TikTok retains users at a rate of 26%; one out of four people who use TikTok becomes a regular user.

On the corporate front, Snap Inc. has been focusing on leadership by adding new members to its board. On September 18, 2023, the company announced that Patrick Spence joined the Snap Inc. Board of Directors, bringing in his expertise to help guide the company’s strategy and growth. As a certified market analyst, I use its state-of-the-art AI automation to recognize and test chart patterns and indicators for reliability and profitability. Analysts estimate that WeChat messaging is used by 30% of mobile users in China, and over one billion payments are processed every day using WeChat Pay. Several experts have attributed TikTok’s massive success to its impressive AI algorithms.

The LST Beat the Market Growth Stock Strategy is a proven system that has outperformed the S&P500 in 8 of the last 9 years. We provide all of the research and data needed to make informed decisions, so you no longer have to spend hours trying to find good stocks yourself. Many people will assume TikTok Global will not make money because of the track record of companies such as Snapchat (SNAP) fastest recovery in history or classic bear trap and Twitter (TWTR).

How to trade the ByteDance IPO

That compares to 32% for Instagram, 29% for YouTube, and 28% for LinkedIn. ByteDance has had 12 rounds of funding, totaling $9.4 billion. One of the more prominent investors is SoftBank, but ByteDance also secured financing from a syndicate of 12 other banks. This syndicate includes major banks such as Morgan Stanley and Goldman Sachs. what is a white label payment gateway TikTok also announced a new initiative to protect its younger users in February 2022.