ByteDance Seed Raises Internal Virtual Equity Price to $14.85, Up 13.5% Since April

ByteDance’s Seed division has issued an internal notice adjusting the price of its “Doubao shares” to $14.85, up 13.5% from $13.08 first disclosed in April. According to ChainCatcher, the “Doubao shares” are a dedicated virtual equity instrument tied to ByteDance Seed and related upstream and downstream businesses, with buyback windows typically opened about twice a year. As a comparison, ByteDance’s regular option price was adjusted from $229.5 to $235.5 between April and June, a rise of about 2.63%, indicating faster valuation growth for the Doubao-linked instrument over the same period. The report said that as the Doubao large model continues to grow in user scale and commercial revenue, the pricing cadence for this option may shift away from the previous fixed “semiannual adjustment” pattern toward more flexible and more frequent repricing.