When Is Triller Going Public?
Social platform Triller has announced plans to go public early next year, but can the company match up to the existing competition?
Dec. 23, 2021

Short-from video platform Triller has announced plans to go public via a reverse merger with video software company SeaChange International (NASDAQ: SEAC). A reverse merger involves a private company buying a publicly listed company in order to take over the listing. The deal will value the new entity at $5 billion.

What does Triller do?

Triller is a direct rival to TikTok in the short-form video space. It offers users the ability to create and share videos set to music. The company launched in 2015 and currently boasts over 300 million users worldwide. The firm has attracted a host of celebrity users, including attracting some large TikTok creators such as Charli D'Amelio.

The company has also expanded into live events, streaming, and mobile gaming in an attempt to diversify its offerings. It notably owns Triller Fight Club, a live-event platform that has held numerous live, pay-per-view boxing events.

When can I buy Triller stock?

The deal is expected to be completed in the first quarter of 2022. The combined company will assume the name TrillerVerz Corp and will trade on the Nasdaq exchange under the ticker symbol ILLR.

Triller's growth potential

Triller offers a seemingly interesting opportunity to invest in the short-form video space. The area is very competitive, however, with TikTok already dominating ahead of Instagram's Reels and YouTube's Shorts. As such, it's unlikely Triller ascends to the top of the industry.

The company seems to have realized this already as it has looked to expand into more live media. It has also stopped reporting daily or monthly active users for its video app in a clear move to transition into more of a traditional broadcast media company as opposed to solely a social media platform.

While certainly being an interesting company, potential shareholders would be wise to wait and see just where the company ends up finding itself within the industry. Both the social media and digital broadcasting spaces are full of competitors and Triller will have to offer something very different to its rivals in order to make a dent into the overall market share. Until we see proof that the company is actually able to do this, it might be best to steer clear.



The Home of Successful Investing.

© 2024 MyWallSt Ltd. All rights reserved.


Services

Content

Social

Company

Support

Resources


This website is operated by MyWallSt Ltd (“MyWallSt”). MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. You should always carry out your own independent verification of facts and data before making any investment decisions, as we cannot guarantee the accuracy or completeness of any information we publish and any opinions that we publish may be wrong and may change at any time without notice. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations. MyWallSt Limited is not regulated by the Central Bank of Ireland. MyWallSt Limited may provide hyperlinks to web sites operated by third parties. Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.