ByteDance denies in preliminary talks to list TikTok on NYSE – Global Times

Dhwani Mehta FXStreet

TikTok's parent company ByteDance refuted reports that it is in preliminary talks to list the video app on the New York Stock Exchange (NYSE), China's highly influential newspaper, Global Times, reported on Wednesday.

The media outlet said: “ByteDance responded Wed that the previous media reports over the company being in preliminary talks to list TikTok in New York was not true.”

Earlier today, Global Times cited sources, saying that ByteDance was in preliminary discussions to list TikTok on the NYSE.

Market implications

Despite the denial from ByteDance, the risk sentiment is recovering amid US President Joe Biden’s upbeat remarks on the covid vaccinations.

The S&P 500 futures have bounced off 3,913 lows, now trading around 3,925, still down 0.12% on the day. Meanwhile, AUD/USD is attempting recovery around 0.7750.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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