Stripe's valuation climbs to $91.5 billion in secondary stock offer

Stripe announced a tender offer for employees and shareholders on Thursday that values the payments startup at $91.5 billion, the closest the company has been to its peak valuation of $95 billion in 2021. "We very much care about providing good liquidity for employees and existing shareholders," Stripe co-founder and President John Collison told CNBC's Andrew Ross Sorkin in an interview on "Squawk Box." As for the company's long-awaited public market debut, Collison said, "We are not dogmatic on the public vs. private question," and "have no near-term IPO plans." Stripe also revealed in its annual letter on Thursday that it generated $1.4 trillion in total payment volume in 2024, up 38% from the year prior. The company said it was profitable in 2024, and expects to remain so this year. Collison said the business can't be managed on a "super tight quarterly EPS basis because this growth tends to come in waves." Stripe ranked third on CNBC's Disruptor 50 List for 2024, jumping from ... Read full article.