TikTok Owner Plans IPO on Hong Kong Stock Exchange
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China's ByteDance, owner of short-form video service TikTok, plans to debut on the Hong Kong Stock Exchange in the fourth quarter of 2021 or early 2022, the Financial Times has reported citing sources.

The company planned to go public in the US, however, the IPO was postponed. Last November, Bloomberg sources reported ByteDance planned to reach a valuation of $180 billion. A Financial Times source said:

"We are expecting final guidance from ByteDance in September. They are submitting all the filings with Chinese authorities right now and are going through the review process."

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ByteDance has been addressing claims from Chinese authorities over the past few months about the storage and protection of users' personal data.

In July, sources reported that ByteDance had abandoned its plans to go public indefinitely after the regulator recommended the company focus on addressing data security risks. TikTok's owner was planning an initial public offering in the United States or Hong Kong and was considering options to launch the whole business or some of its subsidiaries.

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