TikTok Parent ByteDance’s Valuation Jumps to $315B in Latest Share Buyback

TikTok’s parent company ByteDance’s valuation has jumped to approximately $315 billion in the latest share buyback announced by the company. The news was first reported by Reuters, citing people familiar with the matter. ByteDance is offering to buy back stock of its U.S. employees at $189.90 per share, reflecting an 11% premium compared to its buyback conducted a year ago at $171 apiece. It also marks a nearly 5% increase from the buyback conducted six months ago at $181 per share. Notably, ByteDance was valued at $268 billion in 2023 and $300 billion in 2024.

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ByteDance undertakes regular share repurchases from its employees, displaying its robust balance sheet and financial position. The latest share buyback will be conducted this week. Some of ByteDance’s major investors include Japan’s Softbank (SFTBY), Fidelity Investments, and T. Rowe Price Group.