Triller, a video-sharing social network service, has raised $200 million in financing as it eyes an initial public offering (IPO) of $3 billion before the end of this year. In a filing Monday with the Securities and Exchange Commission, the company said it has raised debt and equity ahead of the IPO from investors such as Fubon Financial, one of the largest financial institutions in Asia.
An individual with knowledge of the filing said the latest raise was $200 million.
The target IPO valuation is $3 billion, a drop from the $5 billion valuation the company previously targeted for IPO as part of a SPAC merger that was ultimately pulled earlier this year due to market volatility.