Stay updated with breaking news from Daniel gillick. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Triller app on a smartphone. Rather than take the expected SPAC route to a public exchange, TrillerNet plans to take funding by a group of private investors before a direct listing on the New York Stock Exchange. TrillerNet, the owner of the video-sharing app Triller and the Verzuz brand, has shifted its plans to go public and will now take a private investment before a direct listing on the New York Stock Exchange later this year, according to a source familiar with the deal. TrillerNet already has commitments for $500 million from roughly a dozen of investors at a $5 billion valuation, according to the source. There is currently a target date set for early fourth quarter, but the exact timing of the listing depends on comments received by the SEC regarding Triller’s S-1 filing. ....