• Ernie Diaz

Save the Last Bytedance for Me

If the bases are loaded and A-Rod steps up to the plate, it’s safe to say he’s not going to go for the bunt. The team’s hoping for a grand slam.

When the CFO who handled Xiaomi’s tricky IPO suddenly quits to join Bytedance, guess what? They’re more than likely getting ready to list.

Still, the conservative financial news industry remarks on CFO Shou Zi Chew’s departure as “fueling speculation of a Bytedance IPO.”

“Bytdance is going to list sooner than later,” says Jimmie Jeremejev. “We can tell just by the huge surge in buy requests we’re fielding for pre-IPO shares, and the outrageous valuations sellers are quoting.” Whereas Bytedance was valued at $180b last November, current estimates put the figure closer to $260b.

“The crazy thing is sellers are quoting, and getting LOIs for, valuations of up to $350b. That tells me Bytedance is going to pop when it lists, with one big caveat: the company may just list its Douyin & Toutiao properties, not the entire holding company.”

3 views0 comments

Recent Posts

See All

Too Big to Bail

We'd like to bear witness against the notion that Chinese giants are simply propped up by their government when they stumble. Sure, China's central bank and regulatory bodies shut Anbang down a few ye

Schools & Regulations

First they came for the tech companies, and we did not speak, for cybersecurity and monopolies are a thing. Next they came for the listed education companies, and we did not speak, for anyone in China

Free Money

It's just the same as with your therapist: the more you open up, the harder it is to stop. Opening up the economy led to 9%= GDP growth for decades, a golden era of prosperity. Anyone grateful? Nope.