Sources: ByteDance is offering to buy back up to $5B worth of shares from existing investors at $160 per share, which puts the company's valuation at $268B (Zhou Xin/South China Morning Post)

Zhou Xin / South China Morning Post:

Sources: ByteDance is offering to buy back up to $5B worth of shares from existing investors at $160 per share, which puts the company’s valuation at $268B  —  Beijing-based ByteDance, the owner of TikTok, is offering to buy back up to US$5 billion worth of shares from existing investors …