- Stripe announces a $65 billion tender offer, offering liquidity to current and former employees.
- Following its latest fundraising, Stripe’s valuation rose by 30% but remains below the $95 billion valuation reached in March 2021.
- Stripe’s recent agreements with investors are seen as potentially delaying the company’s anticipated IPO until 2025.
Stripe, the payments infrastructure company, has announced agreements with investors to offer liquidity to current and former employees through a tender offer, valued at $65 billion.
Stripe’s latest valuation rise
A tender offer is a formal proposal by an investor or a potential acquirer to purchase a substantial number of shares in a publicly traded company at a specified price.
When Stripe secured $6.5 billion in Series I fundraising last March at $50 billion valuation, the valuation then got a 30% rise.
However, it is still less than the valuation of $95 billion that was attained in March 2021.
Also read: Who is Patrick Collison? The Stripe CEO was a millionaire at 17
Stripe postpones IPO?
At the time of its most recent fundraising, the company—which has clients including Microsoft, Uber, Alaska Airlines, Best Buy, Lotus Cars, and Zara—had stated that the money raised would be used to “provide liquidity to current and former employees and address employee withholding tax obligations related to equity awards.”
It was widely predicted that Stripe will go public in 2024. But based on this agreement, it looks like an IPO could wait until the next year.
