Will Trump approve the IPO of TikTok?
YES.
That’s according to Oracle (NYSE: ORCL) and TikTok’s Pre-IPO investors.
Go here to discover the billionaire’s Pre-IPO secret.
It’s the easy way to claim shares of an upcoming IPO – WITHOUT any restrictions. And you can get started with just $10 (click here for instructions).
The TikTok situation is rapidly changing.
Background: President Trump is concerned that TikTok app gives China access to personal information on Americans. So, he signed an executive order that will ban the app from use in the U.S. That’s unless TikTok’s parent company – ByteDance – sells its U.S. operations to an American company.
So, here’s the latest.
Over the weekend Trump agreed to a deal led by Oracle and Walmart (NYSE: WMT).
ByteDance would agree to spin off a new company called TikTok Global. And this new company would operate the TikTok app in the U.S., Canada, Australia and New Zealand.
Oracle and Walmart would acquire 20% of TikTok Global. And the new company could be valued at up to $60 billion!
The big question is what happens to the other 80% of TikTok shares.
A spokesman for ByteDance says that the company will retain 80% of the shares – until the TikTok IPO in 2021.
Meanwhile, Oracle issued a press release explaining…
“Upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global.
Trump weighted in on Monday by supporting Oracle . . .
“They are going to own the controlling interest. Everything is going to be moved into a cloud done by Oracle . . . and it’s going to be totally controlled by Oracle. If we find that they don’t have total control, then we’re not going to approve the deal.”
Oracle founder Larry Ellison is one of the world’s richest men. And he’s one of the few Silicon Valley titans to support Trump.
ByteDance would be foolish to walk away from a deal with Oracle.
The deal means that current ByteDance shareholders would receive shares of TikTok Global. Meanwhile, U.S. investors would own a majority of the new company. And Oracle would assure that data was secured.
Venture capital firms including General Atlantic and Sequoia Capital would continue to own their shares. Plus, early investors with Pre-IPO shares would retain ownership.
This deal sets the stage for a TikTok Global IPO in 2021.
Of course, this situation also means that TikTok could explore a Pre-IPO. And regular investors like us could have a shot at buying shares BEFORE the stock goes public on the NYSE or NASDAQ.
Get urgent details inside this urgent briefing.
Yours in Wealth,
Ian Wyatt