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Bulletins

Triller is going public as it continues trying to take on TikTok

The combined company said it aims to be a "leading voice on the Web3.0 movement."

Triller

Triller is going public through a merger with SeaChange.

Image: Triller

Triller, a social video app and hopeful TikTok rival, will go public through a merger with video software company SeaChange International, the companies announced Wednesday.

The merger gives the combined company a $5 billion valuation, four times Triller's previous valuation of $1.25 billion. The combined company will change its name to "TrillerVerz Corp.," and its new Nasdaq ticker symbol will be "ILLR."

In its announcement, the combined company said it aims to be a "leading voice on the Web3.0 movement" and embrace decentralized technology to support the creator economy. It said it plans to diversify revenue by expanding globally and pursuing a "robust acquisition strategy."

This isn't the first time Triller's planned a public debut. Triller reportedly had plans to go public through a direct listing in June, and eyed going public through a merger with a special purpose acquisition company last December. This one appears to be for real.

Nat Rubio-Licht

Nat Rubio-Licht is a Los Angeles-based news writer at Protocol. They graduated from Syracuse University with a degree in newspaper and online journalism in May 2020. Prior to joining the team, they worked at the Los Angeles Business Journal as a technology and aerospace reporter.

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Bulletins