Bytedance private valuation 200b ??

Google / Eng
kslr529

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kslr529
Jul 8, 2020 13 Comments

Is this a joke? Anyone know what is this IG private trading?

quotes:

Our analysis on the ByteDance (TikTok) IPO

By Chris Beauchamp



The popularity of ByteDance among IG clients trading the grey market continues, with the firm’s expected market capitalisation topping $200 billion.

Indeed, the expected market cap went from $160 billion on 24 June to $200 billion by the end of the last full week of June, a sign of resurgent risk appetite and helped along by news that the firm reported a 130% increase in Q1 revenues compared to last year, to $5.6 billion. The boom in social networking has come as economies across the globe went into lockdown, with TikTok itself recording 315 million downloads in quarter one (Q1).

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