A handful of investors rattled by China’s sweeping regulatory changes are looking to offload private stakes in TikTok parent ByteDance Ltd. and other Chinese technology companies, according to advisory firm Setter Capital.
“People are seeing there is increased risk with China right now, especially if the regulations mean companies can’t IPO when they want,” said Prab Rattan, vice president at Setter, which helps asset managers buy and sell shares of private companies on the secondary market. “They want to take some money off the table.”