ByteDance plans TikTok IPO as deal talks with US advance: Report

Topics ByteDance | TikTok | IPOs

By David Shepardson, Stephen Nellis and Echo Wang (Reuters) - China's ByteDance is planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the White House, people familiar with the matter said on Thursday.

ByteDance is racing to clinch a deal with the White House that will stave off a U.S. ban on TikTok that President Donald Trump has threatened could happen as early as next week. Trump ordered ByteDance last month to divest.....

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