ByteDance to allow US staff to cash out on shares without waiting for IPO

ByteDance to allow US staff to cash out on shares without waiting for IPO

The ByteDance logo is seen at one of the company's office buildings in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo

ByteDance, the Chinese owner of the short video app TikTok, will allow shares owned by US employees to vest without waiting for the company to list in the stock market, thereby letting them cash out, according to people familiar with the matter.

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