At $140 billion, the parent company of TikTok is the most valuable private company in the WORLD.
Yet its #1 competitor is now preparing to go public. And Silicon Valley insiders are already buying private shares – before the stock starts trading.
The company is called Kuaishou Technology.
Kuaishou provides a short-video and live-streaming platform that competes with TikTok and parent company ByteDance. It’s the second largest short-video platform in the world.
Honestly, I had never heard of the company until Thttp://www.wyattlive.comhe Wall Street Journal released this IPO briefing.
The private company raised $3 billion from investors earlier this year. And that financing brought the company’s total capital to $4.8 billion.
Existing investors include Tencent Holdings (OTC: TCEHY) with a 22% stake. Other investors include Baidu (NASDAQ: BIDU) and Sequoia Capital China.
The Kuaishou IPO plans to raise $5 billion at a $50 billion valuation.
Meanwhile, ByteDance was also in the news yesterday.
The owner of TikTok plans to raise $2 billion in a Pre-IPO financing. And the deal would value the company at a shocking $180 billion.
That’s a 29% increase from the last ByteDance financing!
The Pre-IPO round could be completed this year.
ByteDance plans three initial public offerings next year. The company plans to launch TikTok Global on a U.S. stock exchange. And that deal could be valued at $60 billion.
Plus, other Chinese assets may be spun off and listed in Hong Kong.
The future for TikTok remains uncertain.
That’s because the U.S. presidential election outcome is still unknown. And this could greatly impact the company’s plans to operate in the U.S. . . . or the ability of the company to remain independent.
Early investors are already securing shares in Kuaishou and ByteDance – before these stocks launch IPOs.. And I’d like to share this little-known secret with YOU.
It’s called the Billionaire’s Pre-IPO Secret.
Yours in Wealth,