ByteDance postpones IPO plans, with off-market gray market valuation approaching $1 trillion
According to foreign media reports, the board of ByteDance reached a consensus in early May 2026 to postpone its initial public offering (IPO) plan. Founder Zhang Yiming believes there is still room for valuation growth, and going public at this stage would transfer too many benefits to late-stage risk-free investors.
Currently, the trading valuation of ByteDance in the over-the-counter gray market has exceeded $600 billion. A senior technology investment banker at Bank of America stated that the company's market value is expected to approach $1 trillion, setting a new industry benchmark.
Policy and geopolitical risks have eased somewhat. In early 2026, Oracle Corporation reached an agreement with an investor consortium to jointly acquire 80% of TikTok's U.S. entity, effectively clearing most related regulatory pressures.
In terms of AI business, the Doubao APP, as the largest chat assistant by user scale in the country, is adding paid tiers on top of its free service.
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