US EditionByteDance valued at $550bln in proposed share sale by General Atlantic: Report
General Atlantic is selling shares as some funds near maturity, valuing ByteDance at $550 billion, a 66% increase since last year's $330 billion share buy-back, sources said.
- US private equity firm General Atlantic is selling an equity stake in ByteDance valued internally at $550 billion, Reuters reported on Wednesday citing two people with knowledge.
- The firm started the process in recent weeks and hopes to close the sale in March as General Atlantic's funds approach the end of their lifecycle.
- A comparison with prior private trades shows the US$550 billion valuation jumps 15% from the November secondary market deal at $480 billion and 66% since a share buyback last year.
- Market participants see the trade as a test of investor appetite, underscoring a sharp rise in ByteDance's valuation and potential windfalls for other investors ahead of its IPO.
- The sale follows a deal that made TikTok's US operations majority US-owned, with ByteDance's revenues surpassing Meta and projected 2025 profit near about $48 billion; meanwhile, HSG values some shares between $350 billion and $370 billion.
22 Articles
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General Atlantic values TikTok-parent ByteDance at $550 billion in stake sale deal: Report
General Atlantic valued TikTok's parent company ByteDance at $550 billion amid stake sale deal. This move is the first divestment since the US President Donald Trump's administration cleared the Chinese company's sale of US ventures. Here's what you need to know.
Times of India
The Economic TimesByteDance valued at $550 billion in proposed share sale by General Atlantic
General Atlantic, which first invested in ByteDance in 2017 when the company was valued at about $20 billion, started the process to sell some of its shares in weeks and hopes to close the sale in March. Details of the financial terms of the stake sale, General Atlantic's shareholding in ByteDance, and how much the New York-based investment firm will own in the social media company after the transaction are not known.
Exclusive: ByteDance valued at $550 billion in proposed share sale by General Atlantic, sources say
Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at $550 billion, two people with knowledge of the matter said, marking a dramatic rise in the privately held shares.
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