How to buy TikTok stock in Canada

If you're looking to buy TikTok stock, you may have to wait a little longer. Rumours persist that TikTok may go public, however, there are still many questions surrounding the IPO. Its China-based parent company, ByteDance, has gone back and forth on plans to to take the company public—or even go public itself—amidst a recent security crackdown by Chinese regulators.

Here's what we know about the TikTok IPO so far and how to buy TikTok stock in Canada if the company makes it to the stock market.

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What we know about the TikTok IPO

Popular video-sharing and social media app, TikTok, may go public, although many details of the event have not yet been confirmed. Parent company, ByteDance, was considering a TikTok IPO back in early 2021. But plans were put on hold in light of heavy security crackdowns by Chinese regulators.

In the past, it was unclear whether TikTok would go public in the US or Hong Kong. But ByteDance is said to be leaning towards a Hong Kong IPO sometime in early 2022.

China's security crackdown has affected a number of China-based companies' plans to go public including Ant Group (owned by Alibaba founder, Jack Ma) and ride-sharing service, Didi Chuxing. It's believed that the increased regulatory scrutiny may stem in part from an unwillingness to comply with foreign regulations requiring data disclosure.

TikTok has also come under fire for privacy concerns surrounding its ties to China. But a deal that left Walmart and Oracle with minority stakes in the company has since put those concerns largely to rest.

According to the deal, Oracle has 12.5% ownership—plus the authority to check TikTok's source code—and Walmart has 7.5% ownership. ByteDance remains the majority owner of the app.

Note: all dollar amounts on this page are in US dollars unless otherwise stated.

How to buy TikTok stock when it starts trading

Once TikTok 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 stock trading platforms. Use our comparison table to help you find a platform that fits your needs.
Open your brokerage account. Complete an application with your details.
Confirm your payment details. Fund your account.
Research the stock. Find the stock by name or ticker symbol and research it before deciding if it's a good investment for you.
Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Will I be able to buy TikTok stock in Canada?

You won't be able to buy TikTok stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.

You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.

Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).

How to buy international stocks in Canada

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy TikTok stock.

See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.

Company summary
Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.
Historical performance
Stock information
- Market capitalization: $15881549824
- PEG ratio: 5.6362
- Dividend yield: 0%
Get more detailed information and learn how to buy SNAP.US stock
Company summary
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
Historical performance
Stock information
- Market capitalization: $678405865472
- P/E ratio: 31.6272
- PEG ratio: 2.6345
- Dividend yield: 0%
Get more detailed information and learn how to buy META.US stock
Company summary
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; and WeSing, which enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. The company also operates QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base; and Lazy Audio, an audio platform. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. The company is based in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Historical performance
Stock information
- Market capitalization: $12904921088
- P/E ratio: 20.3243
- PEG ratio: 1.3834
- Dividend yield: 0%
Get more detailed information and learn how to buy TME.US stock

Buy stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

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CIBC Investor's Edge CIBC Investor's Edge	Finder Rating: ★★★★★ 3.8 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs	$4.95–$6.95	$0 if conditions met, or $100	N/A	An easy-to-use platform with access to a variety of tools to help you trade with confidence.	Go to site View details	Compare	loading Fetching your data...
Interactive Brokers Interactive Brokers Finder Award	Finder Rating: ★★★★★ 4.3 / 5	Stocks, Bonds, Options, ETFs, Currencies, Futures	min $1.00, max 0.5%	$0	N/A	Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.	Go to site View details	Compare	loading Fetching your data...
National Bank Direct Brokerage National Bank Direct Brokerage	Finder Rating: ★★★★★ 4.2 / 5	Stocks, Bonds, Options, Mutual Funds, GICs	$0	$0 if conditions met, or $100	Get $0 commission on all transactions with promo code: finder		Go to site View details	Compare	loading Fetching your data...
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Qtrade Direct Investing Qtrade Direct Investing	Finder Rating: ★★★★★ 3.7 / 5	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	$6.95 - $8.75	$0 if conditions met, otherwise $25/quarter	Get up to $150 sign-up bonus. Use promo code BONUS150. Conditions apply. Ends June 30, 2023.	Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.	Go to site View details	Compare	loading Fetching your data...

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How to buy TikTok stock in Canada when it goes public

Here's everything we know so far about the TikTok IPO.