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China's ByteDance says it has no recent plans for public listing

The firm conducted a thorough study

TikTok, ByteDance
Photo: Reuters
Reuters BEIJING
1 min read Last Updated : Apr 23 2021 | 8:26 PM IST

ByteDance said on Friday it had no imminent plans for an initial public offering (IPO) after it conducted a thorough study.

"We believe the company doesn't meet the public listing requirements," TikTok owner ByteDance said in a statement published on its Toutiao account.

 

(Reporting by Yingzhi Yang and Tony Munroe in Beijing; Editing by Edmund Blair)

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Topics :ChinaByteDanceinitial public offering (IPO)

First Published: Apr 23 2021 | 8:20 PM IST

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