Why ByteDance’s Stock Should Rise After TikTok Deal Closes

In the group of highly valued tech companies that have remained private, SpaceX and China’s ByteDance may be the biggest. But SpaceX has already signaled it will go public this year. And now that ByteDance has resolved the yearslong fight over its TikTok app in the U.S., the way may be clear for the Chinese tech giant to go public in the next couple of years.

That prospect should put the spotlight on the company’s valuation, which is currently around $330 billion on the secondary market for private tech stocks, according to Caplight data, although Chinese investors paid the equivalent of a $480 billion valuation in November. In comparison, Meta Platforms has an enterprise value of $1.6 trillion. Yet the two companies have similar social media businesses and are close on annual revenue, at nearly $200 billion.