TikTok Should Consider NYSE for IPO Says Vice Chairman

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  • Bloomberg Markets and Finance published this video item, entitled “TikTok Should Consider NYSE for IPO Says Vice Chairman” – below is their description.

    Sep.18 — NYSE Group Vice Chairman and Chief Commercial Officer John Tuttle talks about the possibility of TikTok listing on the exchange. He also talks about the booming IPO market and why it’s so hot. He speaks on “Bloomberg Markets.”

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    In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

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