Pulse News

**ByteDance Hikes Share Price in Latest Employee Buyback**

By Kaya Yurieff

9 hours ago

Source: The Information

ByteDance is allowing current and former employees to sell their shares to the company at a slightly higher price than six months ago. The TikTok parent company set the price for an upcoming employee share buyback at about $190 a share for current employees and $161 per share for former employees, according to a notice sent to current and former employees. That's up 5% to 6% from September, when ByteDance offered current employees $181 a share and former employees about $154 a share. It also offered an employee buyback in March 2024.

The new buyback values the company at an estimated $315 billion, based on the company's valuation late last year, when it bought shares back from investors at a $300 billion valuation. A TikTok spokesperson did not immediately respond to a request for comment.

ByteDance has offered regular share buybacks for employees and investors, to give shareholders a way to cash in their stock. ByteDance's long-expected IPO has been indefinitely on hold since China started to crack down on its internet giants and tensions between China and the U.S. worsened. TikTok's fate in the U.S. is still up in the air after President Trump delayed enforcement of a ban. Reuters earlier reported on the buyback.