Stripe on Thursday announced a tender offer for employees and shareholders that valued the company at $91.5 billion, nearly 41% higher than its valuation a year ago, potentially delaying the fintech firm’s ambitions of going public.
The deal signals the strong recovery of the global venture capital sector, as central banks have started to cut interest rates amid subdued inflation and strong economic data.
“Stripe was profitable in 2024, and we expect to be so in 2025 and beyond,” co-founders John Collison and Patrick Collison said in their annual letter published on Thursday.
The payments processing company was valued at $65 billion in a deal last year, which allowed employees to cash out their stock.
At its peak, Stripe was valued at $95 billion in 2021.
The company serves a variety of high-profile customers, including Elon Musk-led social media platform X, Amazon, car rental firm Hertz Global and grocery delivery app Instacart.
Stripe, which has headquarters in San Francisco and Dublin, allows companies to accept payments, send payouts and automate financial processes.
—Pritam Biswas and Jaiveer Shekhawat, Reuters
Inicia sesión para agregar comentarios
Otros mensajes en este grupo.
Americans often receive a lot of grief for being less internationally traveled than citizens of other countries. But in recent years, more Americans are traveling abroad than ever before. Numbers
The web wasn’t always like it is now. It used to be weirder—in a good way. And it still can be.
After all, we all occasionally need a tranquil break amidst a hectic day—be it a beautiful
When disasters happen—such as hurricanes, wildfires, and earthquakes—
OpenAI launched a research preview on Friday of what it’s calling its most capable AI coding agent yet.
Codex, a cloud-based sof
For NFL teams’ social media departments, May 14 is the Super Bowl.
NFL Schedule Release Day has become an unofficial holiday on the league calendar. All 32 teams unveil their season sche
Switch, PS5, and XBox might be the biggest names in video games, but David Lee and a group of entrepreneurial alums from companies like Apple, Google, Microsoft, and Meta are carving out a niche m
