Bytedance IPO concern

Lyft
woolly

Go to company page Lyft

woolly
Mar 3 27 Comments

A recruiter from TikTok reached out. I have some concerns about when or whether they'll IPO. The way they cancelled the IPO last year after pressure from China makes me worried. What do current employees think? Are you worried about late IPO or further Chinese pressure?

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TOP 27 Comments
  • TikTok
    bikBok

    Go to company page TikTok

    bikBok
    So internally we don’t have any more clarity except that leadership/HR say that ByteDance will eventually IPO, no real timeline on when or where.

    My personal view is that it will eventually but it’s a couple years away and won’t happen in US.

    My advice is to try to negotiate a high percentage of TC as cash. That’s what I did when I accepted their offer so when it IPOs it’s just a cherry on top for me
    Mar 3 7
  • Aren’t they giving out stock at some insane 500B+ valuation? Ask the recruiter for valuation. And post here pls.
    Mar 3 1
  • New
    yoloswag42

    New

    yoloswag42
    They’ll IPO either in HKX and SGX before tapping into the US market, and no I’m not worried, just accepted their offer.
    Mar 3 7
    • If the move is more focussed on moving to Bay. It is good but there are so many other companies to join as well. It is tough for a Non-Chinese speaker to adjust.
      Mar 7
    • New
      yoloswag42

      New

      yoloswag42
      Ah I’ve gotten rejected at Meta during the on-site stage and Google never responded haha, I’m able to speak Chinese fluently, albeit I’m not from China, I’m from Singapore
      Mar 7
  • Plaid
    !i!i

    Go to company page Plaid

    !i!i
    I already don’t understand the corporate structure. Aren’t there multiple entities? Which one owns the IP? Does the equity granted to US employees encompass enough of the business?
    Mar 3 0
  • Think of it this way. Worst case this company becomes like Huawei; instead of being a public company, it pays dividends to all employees as bonus depending on their impact. Huawei employees make a killing.
    Mar 4 5
    • TikTok
      bp826

      Go to company page TikTok

      bp826
      What I meant was the company never IPOs and we get paid an annual dividend like Huawei does. In that scenario you are saying we still have to pay the same amount of taxes as if the company IPOs?
      Mar 4
    • TikTok
      TickleTok

      Go to company page TikTok

      TickleTok
      Yes absolutely. Your tax liability does not change if you get the money thru RSU or thru bonus or dividends or base salary. Your withheld amount changes depending on the type of pay check but in the end the money taken out is the same when you do the taxes. It gets very tricky for early stage startup employees who have stock options though which is not the case for us. With RSU's when they become liquid they will automatically remove the tax liabilities and give us the RSU after that.
      Mar 4