Triller is finally a publicly traded company: TikTok rival’s share price drops 20% on first day of trading
After a series of earlier attempts that didn’t pan out, TikTok rival Triller is finally a publicly traded company.
Having completed a merger with Hong Kong-focused financial services company AGBA, the new Triller Group Inc. debuted on the NASDAQ exchange on Wednesday (October 16).
As of mid-day Eastern time, Triller Group’s stock (ticker symbol ILLR) was trading at $4.45 per share, down about 20% from its opening price of $5.60. Shares had spiked on opening to as high as $6.52 before pulling back.
Its current share price gives Triller Group a market capitalization of around $705 million – well short of the $4 billion that Triller and AGBA targeted when they announced the merger last spring.
The new Triller Group operates two main…
