Triller Stock is Now a Public Company, But it Didn’t IPO
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Triller and AGBA completed their merger on October 15th, 2024. Under the deal terms, AGAB changed its name to Triller Group Inc., and the combined company’s stock symbol changed to ILLR, which now trades on the Nasdaq. This maneuver was similar to a SPAC or reverse merger.
The company also changed its incorporation jurisdiction from the British Virgin Islands to Delaware.
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Table of Contents
Notable Triller Merger News
10/15/2024: Agba Completes Merger With Triller
10/15/2024: AGBA TAKES FINAL STEP TOWARD TRILLER MERGER COMPLETION
05/06/2024: Triller withdraws NYSE direct listing
04/18/2024: L.A.-based Triller acquired by Hong Kong company
04/18/2024: Triller to Merge with AGBA
Older news…
About Triller
Triller is a social media company that is the closest U.S. competitor to China’s TikTok. The company could benefit if the U.S. restricts TikTok usage, though that scenario seems unlikely.
Its video platform and streaming service are popular with celebrities, combat sports participants, and enthusiasts.
The company calls itself an artificial intelligence-powered platform ideal for engaging with fans, collecting engagement data, and monetizing an audience.
Triller is a video-sharing social network that puts the power in the hands of creators through powerful editing tools and monetization opportunities.
Triller partners with musicians, celebrities, influences, and athletes to promote significant events such as concerts and boxing matches (Triller Fight Club).
Founded in 2015 by co-founders David Leiberman and Sammy Rubin, Triller operates in Los Angeles, California.
Is Triller Stock Publicly Traded Today?
Yes. Triller is now a publicly traded company through its merger with AGBA. Under the merger terms, AGBA changed its name to Triller Group Inc.
What is the Triller Ticker Symbol?
The Triller stock symbol is ILLR.
Ownership
Triller stock now trades publicly. Upon completion of the merger agreement between AGBA and Triller, former Triller stock owners controlled 70% of the outstanding shares, while former AGBA shareholders owned 30%.
Valuation
The announced merger between Triller and AGBA indicates the combined valuation will be $4 billion after the merger.
Triller IPO Date
Triller never conducted an IPO, despite some anticipation of one. It became a publicly traded company on October 16th, 2024.
Instead, Triller merged with an existing public company called AGBA, which changed its name to Triller Group Inc. This is similar to a reverse merger or SPAC merger.
The difference is that AGBA did not exist solely to take a private company public.
The Triller IPO date was expected in 2024. It filed for a direct listing IPO and continued to update its S-1 filing (see filing below).
Triller was working with Cantor Fitzgerald as its financial advisor. As a direct listing, it would not have needed book runners or underwriters.
Other social media companies in line to IPO include Reddit, the Whatnot shopping app, Patreon, and the community platform Discord.
What is the Triller Stock Price?
Triller Group Inc. stock began trading on October 16th, 2024. The closing AGBA price on October 15th, 2024, was $5.60.
How to Buy Triller Stock
Buy ILLR stock today to own Triller Group Inc. now that the AGBA merger is completed.
Triller News Archive
02/19/2024: Despite Setbacks, Triller Hasn’t Given Up on Listing
08/21/2023: Triller Files for Direct Listing
08/14/2023: Triller Prepares for Its Public Launch
09/29/2022: Triller Secures $310 Million Equity Funding
08/03/2022: Triller promised millions to Black creators
06/14/2022: Triller calls off SPAC Merger
12/13/2021: Metallica Becomes Investor in TrillerNet
12/13/2021: Triller owner in SPAC merger talks to go public
Triller S-1 Filing
Triller filed for a direct listing IPO in August 2023 and released its S-1 to the public. It is no longer relevant since the company merged with AGBA.
However, it still contains interesting information about the company before the merger.
Below is an embedded PDF version of the Triller S-1 filing from January 16th, 2024.
In the meantime, you can check out the most recent S-1 filings in our filings feed.
Conclusion – Triller IPO
Triller is a popular social media app known for fan interaction and combat sports content.
The company completed a merger with AGBA on October 15th, 2024, and began trading the next day under the name Triller Group Inc.
The Triller IPO never happened. Yet, Triller stock trades publicly thanks to its merger with the existing public company, AGBA.
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. He started Access IPOs in 2016 to provide a resource for ordinary investors pursuing investment access to IPOs and pre-IPO startups. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
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