TikTok rival Triller filed for a direct listing of its Class A common stock, according to an S-1 registration statement. The company provides a short-form video sharing platform for media content creators worldwide.
Triller confidentially submitted the paperwork to the SEC in June.. The move followed the termination of Triller’s $5 billion merger agreement with video-tech company SeaChange International.
Similar to TikTok, Triller allows users to create and share short-form videos set to music. However, Triller plans to pivot toward streaming live events rather than compete directly against Tik Tok.
The Los Angeles-based company initially launched in 2015 and the app has been downloaded more than 250 million times.
Triller intends to apply for a NYSE listing under the symbol ILLR.
The filing does not state how many shares will be offered nor the reference price. Read more.
