ByteDance raises stock-option offer for employees amid talk of Hong Kong IPO, sources say

//ByteDance raises stock-option offer for employees amid talk of Hong Kong IPO, sources say

ByteDance raises stock-option offer for employees amid talk of Hong Kong IPO, sources say

ByteDance, owner of the popular short video-sharing platform TikTok, has rolled out a new stock-option plan, which lets employees trade their bonuses for company stock at US$126 per share, according to two people with knowledge of the offer. The price represents a discount of roughly 30 per cent from the offer of US$180 under a share-buy-back plan offered to resigning employees last month, which put the valuation of ByteDance at US$270 million, the South China Morning Post reported earlier this…

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By | 2021-04-14T05:33:08+00:00 April 14th, 2021|Business|Comments Off on ByteDance raises stock-option offer for employees amid talk of Hong Kong IPO, sources say