The Wall Street Journal: Bytedance, owner of China’s top news app, mulling huge IPO

The owner of China’s most popular news-aggregation app is holding discussions about a multibillion-dollar initial public offering that could take place this year, according to people familiar with the matter.

Beijing Bytedance Technology Co. is considering a Hong Kong IPO that may value it at over $45 billion, the people said. It isn’t clear how much Bytedance intends to raise, but it would join a rush of Chinese internet and technology startups going public.

Bytedance’s potential listing shows both the eagerness of Chinese tech companies to go public and the continued appetite for such IPOs, especially those helping to transform the consumer landscape.

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