Tian Tian Ventures TTgo officially files for IPO Listing

MOUNTAIN VIEW, Calif., June 1, 2019 /PRNewswire-PRWeb/ -- In its filing with the U.S. Securities and Exchange Commission, Tian Tian Ventures released its financial history for the first time. With the public disclosure, we now know that Tian Tian Ventures boasts much healthier financials than its rivals which listed recently over the past few months. TTV owns more than $900million worth of assets worldwide, a direct result of its much-heralded asset accumulation strategy.

As of 31 Dec 2018, TTV possesses total assets of $905 million, nearly triple its asset value a year ago, reflecting the phenomenal growth it's had in 2018. The balance sheets also revealed an incredibly healthy debt ratio of 0.23, putting Tian Tian Ventures in a strong position as it prepares for the impending IPO.

The strong financial performance of Tian Tian Ventures is in stark contrast to previous ride-hailing IPOs where deep losses were the prominent talking point throughout. Tian Tian Ventures operates with a stable expansion strategy which focuses on stable and consistent growth - and the results are eye-opening.

Tian Tian Ventures could go public with a $10-billion to $15-billion valuation. It currently operates in seven countries and has been actively growing its global presence. Just last month, the company announced its intention to launch its trial service in Thailand, posing a strong challenge to current market leader, Grab in the Southeast Asian region.

When contacted for comments, Tian Tian Ventures CEO Benjamin Berger responded with an enthusiastic, "We'll see you in New York."

Tian Tian Ventures' IPO is the third ride-hailing IPO this year and it looks as though it could be the most impressive yet. In the filing, TTV is offering shares to "drivers in good standing who have met certain performance standards as of May 31, 2019."

SOURCE Tian Tian Ventures