Many people think ByteDance Ltd could become the decade’s hottest initial public offering (IPO). It is easy to see why these people want a ByteDance IPO. ByteDance created two of the world’s most popular and fastest-growing social media platforms, TikTok and Douyin.
Douyin and TikTok are variations of ByteDance’s addictive video-sharing app. The easy-to-use app allows users to share short videos that many people find entertaining.
What is ByteDance?
ByteDance Ltd. is a privately-held Chinese tech company. They base ByteDance in China, but its products are available in 150 markets worldwide. There are ByteDance offices in 126 cities, including Beijing, Shanghai, Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. ByteDance operates 15 research and global centers worldwide.
Can You Buy ByteDance Stock?
No, there is no ByteDance stock available to purchase on any stock exchange globally. You can, however, buy shares in the private equity companies that own stock in ByteDance. Shares in ByteDance are owned by the founder Yiming Zhang and seven private equity firms Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital.
ByteDance Stock Price
ByteDance does not have a stock price because it is not publicly traded. ByteDance’s future stock price would be calculated during any future IPO, accounting for revenue, profitability, and future growth potential.
Is There a ByteDance Stock Symbol?
There is no ByteDance stock symbol, although there has been speculation about a ByteDance IPO for years. The Wall Street Journal claims there is a ByteDance stock ticker, BDNCE, but presents no evidence that the ticker exists.
The ByteDance products include Douyin, Toutiao; a content discovery platform; TikTok, Xigua Video, the Indian social media platform Helo, the Lark collaboration tool, and Babe, Indonesia’s leading content app.
A ByteDance IPO
The closest thing to a ByteDance IPO is the announcement that TikTok Global, a subsidiary of Bytedance, will be publicly-traded. So far, in 2021, this has not happened due to the change in US political leadership. What we do know is that ByteDance does not want an IPO as it wants to maintain complete control of TikTok.
They were trying to recruit a social media veteran to serve as TikTok Global’s CEO in October 2020. Instagram co-founder Kevin Systrom was among the candidates under consideration, Deadline claims.
3 Ways to Invest in ByteDance
You can buy shares in ByteDance by purchasing funds from private equity firms that own Bytedance stock, Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital.
1. Buy Shares of KKR
To invest in ByteDance, you can buy shares in KKR. KKR is a leading global investment firm that offers alternative asset management and owns stock in ByteDance. KKR (Ticker: KKR) is floated on the NYSE stock exchange and is valued at $41 billion. KKR’s stock price increased by over 200% from January 2020 to 2022.
KKR & Co., Inc. provides investment and private equity asset management services. It manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. The firm operates through four business lines: Private Markets, Public Markets, Capital Markets, and Principal Activities.
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2. Buy Shares In SoftBank
Buying shares in SoftBank Group Corp means you will own a slice of ByteDance. SoftBank Group Corp operates as a holding company that engages in managing its group companies. It operates through the following segments: SoftBank Vision Fund, SoftBank, Arm, Brightstar, and Others. The SoftBank Vision Fund segment engages in the investment business.
SoftBank Group Corp is floated on every major stock exchange, so buying the stock is relatively simple. SoftBank Group Corp. (Ticker: SFTBY) stock price has dropped 50% from 2021 to 2022 due to a bad earnings announcement and underperformance of companies it owns. On the bright side, Softbank now represents serious value with a PE Ratio of only 3 and an EPS of $7.61, which is 30% of its stock price.
3. Approach Private Equity Funds
The final option for acquiring shares in Bytedance is to approach the other private equity firms that own a stake in the company.
- Coatue: Coatue is a technology-focused hedge fund led by founder and portfolio manager Philippe Laffont.
- General Atlantic: General Atlantic makes large minority investments in growth companies focusing on computer software and services.
- Hillhouse: Hillhouse Capital Group, based in China, is an investment management firm that invests with a long-term time horizon.
- Sequoia Capital: Sequoia invests in public and private companies specializing in incubation, seed stage, startup stage investments.
- Source Code Capital: China based Source Code Capital invests in industrial digitization, artificial intelligence, robotics & advanced manufacturing
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The author states that I cannot invest in any of the private equity firms that own ByteDance such as KKR and Softbank. That’s funny since I own shares both. I can only conclude that the article is hype and the author a charlatan.
Hi Richard, you are quite right, it is possible to buy shares in the open market of KKR, and Softbank. My writer made a mistake, I have taken ownership of the article and corrected the issues. Thanks for pointing it out.
Barry