ByteDance Increases Share Price in Latest Employee Buyback

ByteDance has increased its share price in its latest employee buyback, an increase that's in line with secondary market trades that have lifted its valuation close to $230 billion.

The TikTok parent set the price for an upcoming employee share buyback at about $181 a share, while it will offer former employees about $154 a share, according to a notice sent to current and former employees. In March, ByteDance offered employees $171 a share and former employees $145 a piece.