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HSG Continuation Fund to Value ByteDance at up to $370bn
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HSG continuation fund to value ByteDance at up to $370bn
HSG is raising a continuation fund that would value ByteDance at between $350bn and $370bn, according to a report by Reuters citing people familiar with the matter. The continuation fund will be reportedly be dominated by ByteDance holdings. HSG owns just over 11% of the company, making it one of the TikTok owner’s largest external shareholders, although it remains unclear how much of that stake will be transferred into the new vehicle. Limited …
The value of TikTok's owner would rise between $350 billion and $370 billion, while the group's revenues are on the way to surpass those of the American Meta.
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