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11 July 2018

Bytedance flirts with IPO at $45bn valuation

The SIG-backed digital media company is reportedly considering an initial public offering in its home country.

Author: Robert Lavine, News Editor

Bytedance, the China-based owner of aggregated news app Toutiao, is mulling the launch of an initial public offering that would enable corporate Susquehanna International Group (SIG) to exit, the Wall Street Journal reported yesterday.