Tuesday, June 15, 2021

Triller Eyes Public Markets Via Direct Listing

Los Angeles-based TrillerNet, the parent company of social media app Triller, is now looking at hitting the public markets via a direct listing, according to Reuters. Reuters, citing "people familiar with the matter" said Triller is looking to line up investors to raise $500M ahead of that direct listing, hoping to value to the company at more than $5 billion. Triller competes directly against TikTok. The company is currently led by CEO Mahi de Silva, and reportedly is expecting revenues of more than $250M in 2021.