Stripe just saw its valuation rebound to $65 billion through a $1 billion tender offer allowing current and former employees to sell their shares, according to multiple reports.
The FinTech giant's new valuation represents a 30% increase from last year's $50 billion valuation, though it remains below its peak $95 billion valuation in 2021.
A Stripe IPO has been long anticipated and was widely expected to happen in 2024. But with this deal, it appears that an initial public offering may not take place until next year.
Stripe continues to see “strong momentum” with a range of companies, from newly formed start-ups to sophisticated enterprises such as Alaska Airlines, Best Buy, Lotus Cars, Microsoft, Uber and Zara.
