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ByteDance says it has no recent plans for public listing

Credit: REUTERS/CARLOS GARCIA RAWLINS

April 23, 2021 — 10:21 am EDT

Written by Yingzhi Yang and Tony Munroe for Reuters ->

BEIJING, April 23 (Reuters) - ByteDance said on Friday it had no imminent plans for an initial public offering (IPO) after it conducted a thorough study.

"We believe the company doesn't meet the public listing requirements," TikTok owner ByteDance said in a statement published on its Toutiao account.

(Reporting by Yingzhi Yang and Tony Munroe in Beijing; Editing by Edmund Blair)

((Yingzhi.Yang@thomsonreuters.com; +861056692133;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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