Tik tok stock4/3/2023 IG’s grey market price is based on our prediction of ByteDance’s market cap at the end of the first trading day.įor example, if you think the estimated value of the company is over- or under-priced, our grey market enables you to take advantage of this disparity before the shares are released publicly on the stock exchange. While ByteDance remains a private company, investors can gain exposure to the IPO before listing by trading contracts for difference (CFDs) on the predicted market capitalisation of the company before it lists, with IG’s ByteDance (TikTok) grey market. How to trade and invest in ByteDance (TikTok) shares? This ultimately means there is no easy way for investors and traders to speculate on the company as well as no clear or transparent valuation for the general public. In spite of this popularity and as noted above – ByteDance and by extension TikTok – remain privately listed. 130 million app downloads in the first quarter of fiscal 2020.39.2 million unique mobile visitors in April online.A gender-user split of 60% female, 40% male.More specifically to the United states, TikTok is estimated to have: A strong culture of creation, with 83% of TikTok users having posted a video in the past.Users open the app on average 8 times per day. An engaged user based, with users spending an average of 52 minutes per day on the app.Quantifying this popularity, according to estimates provided by the advertising consultancy firm Wallaroo, TikTok has: This popularity is often attributed to the app’s ease of use, including the ability to effortlessly create and share content, the general ‘fun factor’ of the app, and a raft of star TikTok users that drive individuals to the platform. TikTok – a short form video application – has grown extremely popular over the last few years, particularly among Millennials and Generation Z. Moreover, ByteDance has not provided any indication as to when it may list or how the recent issues between the US and China may impact a potential future listing.įor those unfamiliar, ByteDance Limited is a Chinese multinational internet technology company which develops and owns a number of products and services, including TikTok, which is arguably their most popular application. ByteDance – the owner of TikTok – is not currently a publicly traded company.
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