If one takes TikTok's business at face value, then yes, their analysis of the business might indicate that they'll make more keeping it as a unit of their compa

If one takes TikTok's business at face value, then yes, their analysis of the business might indicate that they'll make more keeping it as a unit of their company rather than whatever they can get by spinning if off or maybe could profit more by spinning it off at another time. But if there's more to TikTok that what they admit, such as it being a tool used by the Chinese government to influence western society and government, then that value only exists as long as it is owned by a compliant Chinese parent company.