The fate of TikTok developer, Chinese company ByteDance, is of interest to many after the recent resignation of founder and CEO Zhang Yiming, as well as statements by management that there are no plans to go to an IPO in the near future. The company will buy back shares from its employees, and this allows you to find out their current value.

As noted by Reuters, some ByteDance employees recently expressed disappointment at the fact that they would not be able to offer their shares in the company on the public market after the IPO, since the developer of TikTok has so far refrained from this event. For ByteDance, buybacks from employees are common practice, usually done twice a year, and the November round valued one share of the company at $ 60.

ByteDance this week announced a new round of employee buybacks. From June 20, the current employees of the company will be able to sell their shares at $ 126 per share, and the former – at $ 100,80 in terms of the exchange rate. It is easy to determine that ByteDance shares will be valued more than twice as much next month as in November.