TikTok rival Triller said Thursday it will receive an investment of up to $310 million from Global Emerging Markets, a Luxembourg-based private alternative investment group, in conjunction with its pending initial public offering.
The open source content platform privately submitted plans to go public to the Securities and Exchange Commission in June, and said Thursday it will finalize its IPO plans with the closing of the deal with GEM. It expects it will complete the share offering before the end of the year.
Triller is not obligated to draw the entire $310 million, and can draw just part of the total as it sees fit.