The SIG-backed digital media company is reportedly considering an initial public offering in its home country.
Bytedance, the China-based owner of aggregated news app Toutiao, is mulling the launch of an initial public offering that would enable corporate Susquehanna International Group (SIG) to exit, the Wall Street Journal reported yesterday.
The prospective offering would value the company at about $45bn and could take place in its home country before the end of this year, people familiar with the matter told the WSJ.
Bytedance’s lead product is Toutiao, a curated news app that claimed to have120 million…
