ByteDance's latest valuation reaches $315 billion

On March 5, according to Reuters, two people familiar with the matter said that ByteDance this week launched a new share buyback program for U.S. employees, which valued the repurchased shares at a higher level than six months ago. ByteDance informed its U.S. employees that the offer price per share was $189.90, the two people said. The price is up 11% from $171 per share in its share buyback program a year ago, and is also higher than $181 per share six months ago. The new share price values ByteDance at about $315 billion, indicating that one of the most valuable private companies has recovered from the valuation drop in 2023.