How to Invest in ByteDance TikTok Stock in 2024

aprile 14, 2022 | 0 Comments | Forex Trading

what is tiktok stock symbol

Since it’s not possible to buy TikTok stock from the stock market, there might be other possibilities for investors to invest in ByteDance pre-IPO. Some platforms like EquityZen provide a secondary market for pre-IPO equity. Another possibility is to invest in a private equity fund that in turn invest in companies like ByteDance in venture capital rounds. That said, waiting for ByteDance to become public seems to be the simplest route to invest in TikTok. ByteDance is a privately held client sentiment company and its shares do not currently trade on any public exchange.

Invest in TikTok partners

ByteDance is still privately held, meaning its shares are not available on the stock market yet. TikTok is a popular video-sharing app where users create and share videos up to 10 minutes long. While many users engage with the platform via its smartphone apps on iOS and Android, it is also possible to access TikTok via a web browser.

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Invest After the IPO

Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. Getting access to a private market with someone offering to sell ByteDance shares at a price you’re willing to pay isn’t easy — or even possible — for most investors.

If/when ByteDance goes public, you’ll be able to look up its stock symbol https://forexanalytics.info/ and buy it in your brokerage account. Since then, its IPO plans have been on ice and management has made no indication of when it will go public. In an attempt to alleviate concern, TikTok proposed Project Texas, which would move all U.S. data into a third-party cloud that only a team of U.S. residents could access. In March 2023, The FBI and DOJ launched an investigation into TikTok and asked TikTok CEO Shou Zi Chew to appear before the House Energy and Commerce Committee. Similar to KKR, you could invest in SoftBank to gain some exposure to ByteDance, but you should also do your due diligence on the other 98% of its portfolio. If we assume it still holds a $1.1 billion stake, ByteDance makes up 2.0% of its market capitalization ($52.5 billion).

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what is tiktok stock symbol

People in China still have access to Douyin, but they can’t access TikTok content using the Chinese counterpart. One of the biggest criticisms of TikTok has been how it handles user data. For instance, it has been accused of harvesting user data and storing it in China without user consent. In April 2022, TikTok announced a strategy to locally store its European users’ data.

When is the TikTok IPO?

  1. TikTok is the international version of Douyin, which was launched in 2016 in the Chinese market.
  2. In April 2024, Congress passed a law banning TikTok’s operations in the United States, effective January 2025.
  3. TikTok is not publicly traded because it is owned by Bytedance, a privately-held Chinese company, and eight other venture capital companies.
  4. TikTok had 1.6 billion monthly active users in Q and is expected .
  5. A drop in popularity would see a lower valuation, meaning less money could be raised.

Investing in a successful app like TikTok might be a simpler way to capitalize on its success than spending many hours creating content. However, TikTok is owned by its parent company, ByteDance, which is not yet publicly traded. In fact, the tech giant disbanded its investment arm in early 2022. TikTok is a popular social media platform that allows users to create and share short videos on a wide range of topics, from dancing and lip-syncing to comedy sketches and informative content.

what is tiktok stock symbol

Some publicly traded companies have invested in ByteDance, so an indirect investment is possible. Instagram, for example, said it would “double down” on its competition with TikTok by promoting video content in its reel format. Snapchat, another competitor, continues to improve its video format known as snaps to appeal to some of TikTok’s user base. Several countries have banned or attempted to ban TikTok, including China, which doesn’t let people download the app.

But, it’s difficult for TikTok/Douyin and ByteDance to effectively split the business to meet both contrasting rulesets. He has worked for financial advisors, institutional investors, and a publicly-traded fintech company. Google technically isn’t a public company either, but you can buy the company by owning shares of Alphabet. Facebook and Instagram aren’t public companies either, but you can invest in their parent company. TikTok is owned by a Chinese privately held tech company called ByteDance.

Many governments have already banned the app on government devices, and some states have restricted access to TikTok on government-owned internet connections. It’s already been shut down in India, where it had 200 million users. The Indian government cited issues of privacy and national sovereignty. Although KKR has a great track record of producing returns for investors, it’s important to note that investing in KKR differs from investing in its portfolio. KKR is also competing with other asset management firms for investors, putting pressure on its fees.

Neither TikTok nor ByteDance is publicly traded right now, meaning that investing money directly in TikTok or ByteDance isn’t possible yet. Nevertheless, there is no shortage of reasons to desire this type of investment. This information has been prepared by IG, a trading name of IG Markets Limited.

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Nate is a serial entrepreneur, part-time investor, and founder of WallStreetZen. He holds a Juris Doctor (JD) degree from UAlberta Law – but don’t hold that against him. He’s passionate about building great software that delights users. The information is general in nature and is not specific to you. Some, even shares in quality companies, may sputter or even drop immediately after the IPO.