Money Makers Mentor

TikTok Rival Triller Explores IPO Deal

Up-and-coming TikTok rival, Triller Inc., is reportedly considering a merger that would take the U.S. based social media company public.

If successful, the merger would most likely be with a special purpose acquisition company, or SPAC. An SPAC is a shell company that raises money in an initial public offering to merge with a privately held company which then becomes publicly traded. SPACs have become more popular this year. In the U.S. alone, SPACs have raised $53.8 billion so far, which is more than the past seven years combined. This IPO alternative has become more popular because it allows for more certainty over the valuation and money raised, with less regulatory scrutiny. However, the deal could still happen by way of private funding by Triller, which the company has already st…

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