Hong Kong IPO surge tempts ByteDance to float

Talks held with bankers by owner of viral social media app TikTok

China's ByteDance is famous for TikTok, a viral social media app that allows users to share short videos. © Reuters

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

October 29, 2019 20:33 JST

HONG KONG -- ByteDance has held talks with bankers who are eager to capitalize on a string of successful share offerings in Hong Kong by listing the Chinese owner of viral social media app TikTok in the city. The move, if it happens, could provide a valuable shot in the arm to co-investor SoftBank.