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.”