- Video app Triller is exploring the possibility of an IPO, sources told Reuters.
- The company is reportedly in talks to set up a public listing via a merger with a special purpose acquisition company (SPAC).
- It is simultaneously pursuing a private funding round, and sources told Reuters it had raised $100 million at a valuation of $1.25 billion so far.
- The sources said no deal is yet firm, and that Triller is still deciding which path to take.
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Short-form video app Triller, which bills itself as a rival to the wildly successful TikTok, is reportedly exploring an IPO.
Reuters reported Sunday that Triller was in talks with investment bank Farvahar Partners about a potential merger and IPO.
Sources told Reuters the merger, if successful, would be with a special purpose acquisition company (SPAC).
SPACs are essentially shell companies that go public to raise