How will the ByteDance IPO freeze impact TikTok IPO timing?
Maybe this is a stupid question but could TikTok IPO separately? Are the subsidiaries structured so that all would be tied to ByteDance stock? Asking b/c recruiters have been reaching out to me. Also any U.S. based people working for a company listed on a foreign exchange, what’s your experience vesting?
https://www.wsj.com/articles/bytedance-shelvedipo-intentions-after-chinese-regulators-warned-about-data-security-11626078000?st=wo8v22k0mpqh4gj&reflink=article_copyURL_share
“ByteDance Ltd., the Chinese owner of popular short-video app TikTok, put on hold indefinitely its intentions to list offshore earlier this year after government officials told the company to focus on addressing data-security risks, people familiar with the matter said.”
#bytedance #tiktok #ipo
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Would they do that for you? No. It’s basically asking if FB will grant you Instagram only stock and split out the WhatsApp, FB, oculus stock etc.
If they list, it’ll probably be in HK. You’ll probably have some delay in executing trades and getting liquid cash from each transaction. However, there is no capital gain tax in HK so you won’t have a foreign withholding issue
Not saying right or wrong, just laying out the situation as I see it.