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ByteDance Secondary Shares Trade Below $300 Billion in Private Deals

By
Shai Oster
· · Source: Bloomberg

Shares in privately held ByteDance traded at a valuation of $275 billion in the secondary market, well below previous levels for the owner of TikTok even as some investors are optimistic about the prospects of an IPO. That figure was far lower than the $460 billion blended valuation that Tiger Global offered when it acquired additional shares, Bloomberg said. The drop in value comes as...

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