What Is TikTok Stock Symbol?

TikTok is a popular video-sharing platform owned by the Chinese tech giant ByteDance. The app has become incredibly popular in recent years, with over 800 million active users globally. TikTok is not a publicly traded company, and therefore does not have a stock symbol.

TikTok was founded in 2012 by Zhang Yiming and has since grown to become one of the most popular social media apps in the world. While other social media platforms like Facebook, Twitter, and Instagram have offered public stocks for investors to purchase, TikTok has opted to remain private. This means that there is no TikTok stock symbol available on the stock market.

TikTok’s parent company ByteDance is also private and therefore does not have a stock symbol either. However, ByteDance did file for an initial public offering (IPO) in 2018 but withdrew it in 2019 due to trade tensions between China and the US. As a result, it is unlikely that ByteDance will offer public stocks soon.

Advantages of Remaining Private

There are several advantages to remaining private as opposed to going public with an IPO:

  • Lower cost. Going public requires companies to comply with certain regulations which can be expensive and time consuming. By remaining private, companies can save money on legal fees and paperwork.
  • More control. By staying private, companies can make decisions quickly without having to answer to shareholders or other external investors.
  • Flexibility. Going public often comes with restrictions on what kinds of activities the company can pursue or investments they make.

The Future of TikTok

It is unclear when or if TikTok will ever go public as an IPO or even offer a stock symbol in the future. However, despite remaining private for now, the company continues to grow at an impressive rate with no signs of slowing down anytime soon. With its popularity only increasing among Gen Z users around the world, it may only be a matter of time before TikTok decides to go public and offer investors an opportunity to own shares in the company.

Conclusion: What Is TikTok Stock Symbol?

TikTok does not currently have a stock symbol as it is not publicly traded on any stock exchanges around the world. Its parent company ByteDance filed for an IPO back in 2018 but later withdrew it due to trade tensions between China and the US. It remains unclear when or if either company will ever go public and offer investors an opportunity to purchase stocks; however both continue to experience rapid growth nonetheless.