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Exclusive-TikTok parent ByteDance to allow US staff to cash out on shares-sources

NEW YORK (Reuters) -ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by U.S. 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. The move is aimed at appeasing restless employees who have been waiting for an initial public offering (IPO) to profit from the shares they have been awarded as part of their compensation. It is also an indication that ByteDance, whose
United States White House District Of Columbia Greg Roumeliotis Echo Wang New Yorkadditional
Source: aol.com

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US, European IPOs show signs of life after lengthy drought

A lackluster IPO market is showing signs of life as a flurry of deals in the United States and Europe raise hopes that a recovery may be in sight. The market for initial public offerings (IPOs) has been in the doldrums since the start of 2022, when Russia's invasion of Ukraine and a spike in inflation dampened risk appetite as investors fretted over relentless interest rate rises. With investors now predicting an end to the Federal Reserve's rate hikes later this year, optimism has r...
United States France General New York City Of United Kingdom Mark Potter
Source: yahoo.com

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