Shunning U.S. financial markets amid ongoing political tensions with China, ByteDance has chosen instead to hold its initial public offering on the Hong Kong Stock Exchange, and will file its prospectus in the second quarter, Caixin has learned
Caixin
TikTok owner ByteDance silent on rumored Hong Kong IPO plan
US regulatory pitfalls amid China tensions spur company to look closer to home
TikTok had been downloaded 961 million times worldwide, generating revenue exceeding $1.2 billion, as of December last year. © Reuters
Read Next
Latest on Caixin
