ByteDance Looking for $2B Before Hong Kong IPO

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ByteDance Looking for $2B Before Hong Kong IPO

TECH CRUNCH – Nov 9 - ByteDance, the parent company of TikTok, is in talks to raise another $2B before the IPO of a large chunk of its International businesses on the Hong Kong StockExchange. The new financing would give ByteDance a valuation of $180B. Investors, including ByteDance's existing backers like Sequoia, are in the running to finance the new investment. ByteDance has long planned a public offering for some of its largest Asian assets Douyin and Toutiao, which are huge drivers for the company's revenues.