Stripe finalizes tender sale at a $91.5B valuation, says payment volumes grew to $1.4T in 2024

Digital payments platform Stripe has yet to lay out plans to go public, but in the meantime the company has thrown past and present employees a line for some liquidity. The company on Thursday confirmed a tender offer where investors will buy up shares from those employees at a valuation of $91.5 billion. Stripe said it will also repurchase shares as part of the transaction. A spokesperson declined to say who is in the secondary round except to confirm that it is “largely” existing investors. Past backers of the company number at over 150 investors per PitchBook data. They include General Catalyst, GV, Silver Lake, Atomico, Elon Musk, Salesforce and many more. The tender offer is a decent jump on the company’s valuation from its last secondary sale a year ago, which was valued at $70 billion. However, Stripe still fell short of its high-watermark $95 billion valuation back in 2021. That round came at a time when e-commerce itself was booming due to the COVID-19 pandemic, and it made ... Read full article.