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Triller Planning Direct Listing Through IPO

By Stephen Nakrosis

 

Trillerverz LLC on Tuesday said it is planning to pursue an initial public offering, following a mutual agreement with SeaChange Intl., Inc. to terminate their proposed merger announced in December.

Triller said it is "responding to higher-than-expected demand" for its convertible debt offering and a "clear preference to go public via a direct listing from its current and future shareholders."

Triller said it planned to file for an IPO with the Securities and Exchange Commission, adding it expects to be listed on the Nasdaq Stock Market under the symbol ILLR by September.

Triller is a social-network that allows creators to share video content. Triller also owns a number of other platforms, including live-stream music platform VERZUZ.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

June 14, 2022 12:21 ET (16:21 GMT)

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