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Fintech giant Stripe’s valuation spikes to $65B in employee stock-sale deal
The valuation represents a 30% increase compared to what Stripe was valued at last March when it raised $6.5 billion in Series I funding.
Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. The company, which counts the likes of Alaska Airlines, Best Buy, Lotus Cars, Microsoft, Uber and Zara as customers, had noted at the time of its last raise that the proceeds would go to “provide liquidity to current and former employees and address employee withholding tax obligations related to equity awards.” That, it added, would result in the retirement of Stripe shares that would offset the issuance of new shares to Series I investors. In January, TC’s Rebecca Szkutak reported that – in anticipation of that IPO and according to secondary data tracker Caplight, there had been “ an absolute flurry of buyers looking to get shares in the company in recent months.” On January 2, a secondary sale closed that valued Stripe shares at $21.06 apiece and valued the startup at $53.65 billion, according to Caplight data.
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