IG - Sep 29 - A US-based IPO could be on the cards for TikTok. It doesn't currently have a set date, and the technicalities of the listing are being worked out. What we do know, is that the company will likely be listed in the US under the new name TikTok Global. This company will be majority owned by ByteDance (80%), and minority owned by both Oracle and Walmart (20%). But, this ownership stake has not yet been confirmed as the US firms are reportedly requesting a larger share of the company. The most recent valuation for TikTok was ~$50B back in July 2020.