TLDR:
Stripe investors may be getting a $70 billion buyout valuation from Sequoia Capital, lower than the $95 billion valuation in 2021 but higher than the $50 billion valuation last year. The offer would allow early investors from fundraises between 2009 and 2012 to sell their shares to Sequoia.
Article Summary:
Stripe, a major fintech player, is reportedly in talks with venture capital fund Sequoia Capital for a $70 billion buyout valuation, allowing early investors to cash out. This valuation is lower than the $95 billion valuation in 2021, but higher than the $50 billion valuation last year. The offer from Sequoia is targeting investors who contributed to fundraises between 2009 and 2012. The COVID-19 pandemic initially boosted optimism for e-commerce companies like Stripe, but challenges such as inflation, high interest rates, and geopolitical issues have impacted growth. Stripe’s internal valuation is now two-thirds of what investors estimated in 2021. The offer from Sequoia has not been publicly commented on by either Stripe or Sequoia.
