According to Reuters, CNBC and other media reported on September 18, byte hopping will submit the listing application of tiktok within 12 months, and tiktok's IPO will be located in New York.
The byte bounce has not responded to this.
Tiktok is a subsidiary of byte skipping, which is responsible for the operation of tiktok, the most famous overseas short video product of byte skipping group. As of July this year, tiktok's monthly active users have reached 689 million, including more than 100 million monthly active users in the United States and Europe, according to a legal document filed against the U.S. government. As of August this year, tiktok had more than 2 billion downloads worldwide.
It is reported that tiktok will conduct a round of financing of no more than 20% before listing, and will consider introducing strategic partners. Tiktok hopes to become a public company through IPO, complete the adjustment of corporate governance structure and increase the transparency of the company.
In addition, CNN reported on September 17 that the trump government is examining and approving the cooperation agreement between tiktok and Oracle this week, according to people familiar with the matter. According to the agreement, the parent company of tiktok, byte hopping, will continue to retain the control of tiktok.
Source: CNN reports
If the U.S. government approves the agreement, tiktok will continue to keep its headquarters in the United States, with Oracle serving as the U.S. user data security partner. Wal Mart is also expected to enter as a small proportion of investors and e-commerce partners. But the final result has yet to be finalized.
It is reported that on the evening of September 16, both byte jump and Oracle agreed to the revised terms of the agreement.
But the terms of the agreement may be opposed by US President trump. Trump said at a White House press conference on Wednesday that he opposed the agreement to see byte hopping retain a majority stake in tiktok. "Basically, I can tell you that I don't like that," trump says. "If that's the case, I'm not happy."
However, the agreement must be approved by trump, who is expected to receive a briefing on the details on September 17.
According to reports, the trump cabinet was briefed on the agreement on September 16. According to the above sources, US Treasury Secretary Steven mnuchin, commerce secretary Wilbur Ross and Justice Secretary William Barr seem to support the proposal, while US Secretary of state Mike pompeio seems to be "neutral" about the deal and said he needs to see details about tiktok's US user data security. On September 17, pompeio expressed support for the agreement to trump at a subsequent meeting, the person said.
At the same time, many members of parliament have also participated in the discussion of the agreement, and Republican Senator Josh Holly strongly demanded that the agreement be vetoed. Holly has always been negative about tiktok, who believes that tiktok is still under the control of byte hopping.
"The available evidence forces us to come to a common conclusion that byte skipping is not intended to relinquish ultimate control of tiktok," Holly wrote in a September 15 letter to mnuchin. This is also the issue that trump needs to consider in this issue. In short, this agreement violates the executive order of the president. "
Another Republican senator, Rubio, said on September 17 that he had received a briefing from Oracle and the Treasury on the agreement, which he believed was "informative.". "The only thing that matters is whether we are protecting American privacy and consumer data," Rubio said on twitter.