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Video sharing platform Triller withdraws NYSE direct listing

May 6, 2024

Triller, which operates a video sharing platform with owned media content, withdrew its SEC filing for a NYSE direct listing on Monday. It had filed in August 2023 and last updated its prospectus this past January.

The company's withdrawal request follows its announcement last month that it plans to list via reverse merger with Hong Kong-based financial services firm AGBA Holdings (Nasdaq: AGBA), which itself went public via SPAC merger in late 2022.

Triller's primarily short-form video platform competes with TikTok, which faces a potential ban in the US within a year if it is not divested from parent ByteDance.

The Los Angeles, CA-based company was founded in 2015 and booked $46 million in revenue for the 12 months ended September 30, 2023. It had planned to list on the NYSE under the symbol ILLR. Clear Street and Rosenblatt Securities were slated to serve as financial advisors.