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Trade ByteDance (TikTok) with the IG grey market



Trade ByteDance (TikTok) ahead of its IPO, with the IG grey market

By taking a position on a grey market, you’re taking a position on a company’s potential market cap ahead of its initial public offering (IPO). The price of a grey market is a prediction of what the company’s total market capitalisation will be at the end of its first trading day.

If you think the estimated value of the company is over- or under-priced, a grey market enables you to take advantage of this disparity before the shares are released publicly on the stock exchange.

Why are traders interested in grey market stocks?
Traders are interested in grey market stocks because it can be a way of taking advantage of movements in the company’s share price before it has actually listed.

Also, any activity is usually taken as an indicator for the direction the stock price will take once it has listed. The pre-market price can be used to gauge the demand for the shares.
How to trade grey market stocks.

Grey market stocks are traded over-the-counter (OTC), which means that they are not offered by a stock exchange, but only by brokers and trading providers.

By taking a position on a grey market stock, you’re taking a position on a company’s potential market capitalisation ahead of its IPO. If you think that the company will be worth more than the price indicated, you can buy the market. If you think that the price is an overvaluation, you can sell.

When it comes to settling your trade, this can only be done once official trading of the share has begun. IG calculates the settlement price based on the official closing price of stock on after first day of trading, as reported by Bloomberg.


Where to find the grey market on the platform 
You can find this grey market on the platform by selecting Popular Markets> ByteDance (TikTok) IPO Market Cap (US$Bn)


Let me know if you have any questions about this! :) 

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How come I can't find this on my account's most popular list?  I can't find it when I search for TicTock or search for  ByteDance.  Is this not available on all accounts?

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3 hours ago, backwardation said:

How come I can't find this on my account's most popular list?  I can't find it when I search for TicTock or search for  ByteDance.  Is this not available on all accounts?

Hey @backwardation, thanks for your post. 

There's no reported issues with this offering. 

We aren't offering ByteDance (TikTok) grey markets in Dubai, France, Portugal, Singapore and United States. If you're signed up with these offices you will not be able to trade this product. Apologies in advance if this is the case. 
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14 hours ago, asmith29 said:

Not in my popular markets either in the UK. 

This is only available to trade on leveraged accounts. 

On 25/11/2019 at 07:46, Guest Thomas said:

When will Bytedance Ipo be floated.

No date has been announced for when this will start trading on the exchange. 

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So can I trade Tik Tok on grey market, I am in UK. 

Can I confirm its mite like betting on the market rather than holding a share? 


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Apologies if this is a basic question, new to the grey market.

If the IPO doesn't happen for whatever reason what happens to positions in that case?

Many thanks

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what happens if you have an active trade on the grey market for tik tok, but they dont IPO in 2020? If 1st January 2021 comes round with no IPO does your trade get voided, losses and gains?

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