TikTok rival Triller considers going public

Triller, an app similar to TikTok that allows users to share short video clips online, is in talks with several companies about a possible merger that would allow them to go public on Wall Street, a source close to the discussions said Monday.

he group was looking to raise capital from private investors when it was approached by several special purpose acquisition companies, a kind of publicly listed shell company that aims to merge with promising start-ups, the source told AFP.

The sudden interest coincided with a crackdown on TikTok by President Donald Trump, who has threatened to ban the Chinese-owned social media giant if it doesn’t hand over control of its US business to an American company by November 12, citing national security concerns.