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Benzinga
Benzinga
World
The Bamboo Works

TikTok-ing Off High Valuation, ByteDance Offers to Buy Out Early Investors

Key Takeaways:

  • Data security concerns have stalled an overseas IPO plan by TikTok parent ByteDance, prompting it to offer to buy out shares from some early investors
  • The company is valued higher than social media giants Alphabet, Meta and Tencent on a price-to-sales (P/S) basis
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