According to a report in Reuters, ByteDance is in the early planning stages of publicly listing its video app Douyin in Hong Kong.
But ByteDance hasn't confirmed those rumors, and nothing is set in stone yet. If the company does decide to list its app, US investors would likely need an international brokerage account to invest.
What we know about the Douyin IPO
There's speculation that Douyin is planning an IPO. We're unable to confirm that news, and Douyin has not yet filed a viewable Form S-1 with the US Securities and Exchange Commission. We'll update this page with information as it becomes available.
There's no news yet about how much the stock will cost when it goes public. No date has been set for when the stock will be publicly available.
How to buy shares in Douyin when it goes public
Once Douyin goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
Search for Douyin. Find the stock by name or ticker symbol. Research its history to confirm it's a solid investment against your financial goals.
Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Douyin reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Douyin, depending on your broker.
Check in on your investment. Congratulations, you own a part of Douyin. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Douyin can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
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Dawn Daniels is a publisher with Finder, based out of Oregon. Her background includes editing more than 40 published books, including Financial Fitness: 21 Easy Exercises to Get Your Personal Finances in Shape Fast by Dr. Vi Scott. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion.
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