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TikTok Parent Proposes US IPO Post-Oracle Deal To Gratify Trump

ByteDance plans to take TikTok public in the United States after it forms a partnership with Oracle Inc (NYSE: ORCL), the Financial Times reported Wednesday.

What Happened: The Chinese parent of TikTok made a commitment to list the short-form video app’s shares in the U.S. as a part of its efforts to avoid a ban in the country, according to FT.

An IPO was suggested to the government as a part of the proposal to rearrange TikTok’s ownership …

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