Payment giant Stripe is negotiating a new round of financing with investors, with its valuation reduced to $60 billion

REVOX · 2023-01-30T15:26:56.000Z

People familiar with the matter reported that payments giant Stripe has contacted investors and plans to raise at least US$2 billion in new cash at a valuation of US$55 billion to US$60 billion, which is similar to its last private financing nearly two years ago (at a valuation of US$95 billion). Compared with US$600 million), its valuation has dropped significantly. The money raised will not be used to support its operations but will be used to pay a large annual tax bill related to some employee stock ownership. There was no way of knowing whether negotiations were still ongoing. Stripe co-founders Patrick Collison and John Collison said Thursday that company executives have set a goal of taking the company public within the next 12 months or allowing employees to sell shares in a private placement transaction. (Wall Street Journal) #BNB, #SHIB, #dyor

Payments giant Stripe has approached investors to raise at least $2 billion in new cash at a valuation of $55 billion to $60 billion, a sharp drop from its last private fundraising nearly two years ago, when it raised $600 million at a valuation of $95 billion, people familiar with the matter reported. The funds will not be used to support its operations, but to pay a large annual tax bill related to some employee stock holdings. It is not known whether the talks are still ongoing.
Stripe co-founders Patrick and John Collison said Thursday that company executives have set a goal of taking the company public or allowing employees to sell shares in private transactions within the next 12 months. (Wall Street Journal) #BNB, #SHIB, #dyor