Stripe valued at $91.5 billion in latest tender offer, delaying IPO plans
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Stripe announced a new tender offer on Thursday, valuing the company at $91.5 billion, a move that could push back its long-anticipated IPO. This offer gives employees and early investors another chance to sell shares, bringing the fintech giant closer to its 2021 peak valuation of $95 billion after a rough post-Covid market downturn.
Just two weeks ago, reports surfaced that Stripe was negotiating employee share sales at an $85 billion valuation. The final deal landed higher, adding $21.5 billion in value compared to last year’s $70 billion tender offer. While the boost signals growing investor confidence, it still sits below the $95 billion high Stripe hit during the 2021 tech surge.
“Stripe on Thursday announced a tender offer for employees and shareholders, valuing the company at $91.5 billion, potentially delaying the fintech firm’s ambitions of going public,” Reuters reported.
The company’s valuation swings have been dramatic—from $95 billion in 2021 down to $50 billion in 2023, before bouncing back to $70 billion later that year. Its previous secondary share sale allowed employees to cash out stock, much like this latest offer.
The timing is notable. Less than a month ago, Stripe cut 300 jobs, affecting about 3.5% of its workforce, with most reductions hitting the product, engineering, and operations teams. At the same time, the company is still expanding, planning to grow headcount from 8,500 in January to 10,000 by the end of the year.
Stripe isn’t just focused on share sales—it has been making strategic bets, including a $1.1 billion acquisition of crypto startup Bridge Network in October. The deal aligns with Stripe’s broader push into digital payments, giving businesses simpler ways to handle cryptocurrency transactions.
Founded in 2010 by Patrick and John Collison, Stripe has built a strong presence in fintech, processing more than $1 trillion in payments in 2023. While investors have long speculated about an IPO, the company has made it clear that it’s not in a rush to go public. This latest tender offer reinforces that stance.