ByteDance shareholders aren’t too happy that TikTok’s parent company hasn’t gone public yet. According to the SCMP portal, over the past year, the market value of ByteDance has decreased from $400 billion to $300 billion.
Journalists note that rumors about a possible exit of the company to the stock exchange have arisen several times. The previous one was last summer. However, ByteDance itself has previously stated that it does not plan to appear on the exchange at all.
However, the lack of an IPO is not the only problem with ByteDance. Like many other tech giants, it has faced pressure from the Chinese authorities. In addition, she recently reorganized the business. All this could lead to a drop in capitalization.