Triller Stock IPO | How to Invest in Triller Stock
Triller is a social app that allows you to create short videos with different music, filters, and effects. It is similar to TikTok but with some differences in features and content.
Triller is currently a private company, but it has filed for an initial public offering (IPO) to go public and raise funds.
What is Triller?
Triller was founded in 2015 by David Leiberman and Sammy Rubin as a video editing app that automatically syncs music to videos. It later evolved into a social media platform that competes with TikTok, Instagram Reels, and YouTube Shorts.
Triller is backed by several celebrities and investors, such as Snoop Dogg, Lil Wayne, The Weeknd, Marshmello, Proxima Media, and others.
When is the Triller IPO Date?
Triller filed its form S-1 with the Securities and Exchange Commission (SEC) on August 2nd, 2023, which is the first step towards going public. However, there isn’t a confirmed IPO date yet.
The IPO date depends on several factors, such as the SEC review process, the market conditions, the investor demand, and the company’s readiness. Typically, it takes a few months between filing the form S-1 and launching the IPO.
According to some reports, Triller is aiming to go public in late 2023 or early 2024. However, this is not official and may change depending on the circumstances. We will update this article when we have more information about the Triller IPO date.
What is the Triller Stock Symbol & Price?
The Triller stock symbol will be ILLR, and it will trade on the New York Stock Exchange (NYSE) when it IPOs. The stock symbol is an abbreviation of the company’s name and reflects its brand identity.
The Triller stock price is not known yet. The stock price will be determined by the company and its underwriters based on several factors, such as the company’s financial performance, the market demand, the industry trends, and the competitive landscape. The stock price will be announced before the IPO date.
One way to estimate the stock price is to look at the company’s valuation. The valuation is the total value of the company’s shares based on the expected future earnings and growth potential.
How to Invest in Triller Stock
There are two ways to invest in Triller stock: pre-IPO shares and post-IPO shares.
Pre-IPO shares are shares that are owned by the company’s founders, employees, investors, and other insiders before the IPO. These shares are not available to the general public and are usually subject to lock-up periods and restrictions.
However, some brokers may offer pre-IPO shares to their clients through secondary markets or private placements. These brokers act as intermediaries between the sellers and buyers of pre-IPO shares.
Pre-IPO shares are risky and speculative because they are not regulated by the SEC and have limited liquidity and transparency. They may also have different prices than post-IPO shares. Therefore, pre-IPO shares are suitable only for sophisticated investors who understand the risks involved.
Post-IPO shares are shares that are traded on the public market after the IPO. These shares are accessible to anyone who has a brokerage account and can buy and sell stocks. Post-IPO shares are more liquid and transparent than pre-IPO shares.
Triller Stock Valuation
Triller’s valuation has changed over time depending on its fundraising rounds and market conditions. Here is a brief history of Triller’s valuation:
In October 2020, Triller raised $100 million from various investors at a valuation of $1.2 billion. This was a Series C round that followed a Series B round in February 2020 that valued the company at $130 million.
In December 2021, Triller announced that it would merge with Seachange International, a video delivery platform, in a deal that valued Triller at $5 billion. The merger was supposed to be a shortcut for Triller to go public through a special purpose acquisition company (SPAC), which is an alternative to a traditional IPO.
However, in June 2022, Triller scrapped the merger with Seachange due to market volatility and regulatory hurdles. The SPAC market had cooled down significantly since the peak in early 2021 and the SEC had increased its scrutiny on SPAC deals.
In August 2023, Triller filed for a conventional IPO with a valuation of $3 billion. This was a lower valuation than the previous merger deal but still higher than the previous fundraising round.
Triller’s valuation of $3 billion is based on its expected revenue and growth potential. According to its form S-1, Triller had revenue of $3.7 million in 2020, $26.4 million in 2021, and $47.7 million in 2022. The company expects to grow its revenue by expanding its user base, increasing its monetization options, and launching new products and services.
However, Triller’s valuation also implies a very high revenue multiple (price-to-sales ratio), which is a measure of how much investors are willing to pay for each dollar of revenue. A high revenue multiple indicates high expectations for future growth but also high risk and uncertainty.
To calculate Triller’s revenue multiple, we divide its valuation by its annualized revenue. For example, if we use the revenue for the first six months of 2022 and annualize it by multiplying it by two, we get:
$3 billion / ($47.7 million x 2) = 62.9
This means that Triller’s valuation is 62.9 times its annualized revenue. This is a very high revenue multiple compared to most other publicly traded companies. For comparison, here are some revenue multiples of other well-known companies as of October 16th, 2023:
Meta Platforms (Instagram / Facebook): 7
Nvidia: 34
Snap: 8
These companies have much higher revenues and profits than Triller but lower revenue multiples. This suggests that investors are paying a premium for Triller’s stock based on its potential rather than its current performance.
Therefore, investing in Triller stock requires a lot of confidence in the company’s ability to grow its revenue and profitability in the future.
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FAQ
Is Triller going public?
Yes, Triller is going public through an IPO. The company filed its form S-1 with the SEC on August 2nd, 2023, but there isn’t a confirmed IPO date yet.
How is Triller different from TikTok?
Triller and TikTok are both social media apps that allow users to create and share short videos with music, filters, and effects. However, they have some differences in features and content. Some of the differences are:
Triller has more focus on music and entertainment content, while TikTok has more diversity in genres and topics.
Triller has more partnerships with major music labels and artists, while TikTok has more user-generated content and viral trends.
Triller has more features for editing videos, such as adding text, stickers, emojis, and transitions, while TikTok has more features for creating videos, such as duets, stitches, voice effects, and filters.
Triller has more options for monetizing content, such as tipping, subscriptions, merchandise sales, and live events, while TikTok has fewer options, such as creator funds, live gifts, and ads.
Who owns Triller?
Triller is owned by several shareholders who have invested in the company over time. Some of the major shareholders are:
Proxima Media, Snoop Dogg, The Weeknd, Marshmello, Lil Wayne, and others.
What is the Triller stock symbol?
The Triller stock symbol is ILLR, and it will trade on the New York Stock Exchange (NYSE) when it IPOs. The stock symbol is an abbreviation of the company’s name and reflects its brand identity.
