News Snapshot:
ByteDance plan for US TikTok firm 'envisions IPO in a year' By ​Bloomberg Friday, September 18, 2020, 10:23 By ​Bloomberg ByteDance Ltd's TikTok app is displayed in the App Store on a smartphone in an arranged photograph taken in Arlington, Virginia, US, on Aug 3, 2020. (PHOTO / BLOOMBERG) The new US company that TikTok’s owner ByteDance Ltd plans to form with Oracle Corp intends to hold an initial public offering in about a year, according to people familiar with the matter. The new company, which would be called TikTok Global, according to Treasury Secretary Steven Mnuchin, will be the...
