TikTok seeks an IPO after Oracle agrees to take its stakes
Posted On September 18, 2020
The next move following TikTok’s decision to strike a partnership with Oracle is to go listing in the US. The joined venture, TikTok Global, with possibly 20% shares held by the American software company, is likely to be mainly operated by an American team formed by staff from Oracle and Walmart. Even though the deal is going through necessary processes with the White House, President Donald Trump has yet to approve it.