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ByteDance Launches New Round of Equity Buybacks, Valuation Reaches $300 Billion

Oct 10, 2024, 4:48 a.m. ET

Asianfin--ByteDance has initiated a new round of equity buybacks, with the latest details revealed in an internal email, according to a report from Titanium Media on October 10. The buyback price for current employees is set at $180.7 per share, while former employees are offered $153.6 per share.

This marks the second employee buyback within a year, following the previous round in April 2024. The current price for active employees reflects a 5.79% increase compared to six months ago. Based on this price rise, ByteDance's estimated valuation has returned to approximately $300 billion.

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