Here’s why investors shouldn’t hold their breath for a lucrative TikTok IPO

Știință și Tehnologie

President Trump may have cut a deal to save TikTok from extinction in the US – but investors shouldn’t expect to cash in on a lucrative initial public offering anytime soon, On The Money has learned. That’s the consensus from people inside the US investment group as they put the finishing touches on a new company that President Trump says satisfies a law that bans the app domestically unless it removes all vestiges of control by its Chinese parent, Bytedance. The law was meant to prevent the

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