Stripe is in discussions with another shareholder sale that could “at least” value the company for $85 billion, according to sources familiar with multiple reports and issues.
This information first reported news that the payment infrastructure giant is working to sell employee-owned stock. The move will help workers gain some liquidity as Stripe continues to refrain from planning to publish its long-awaited plans.
Stripe conducted a similar tender offer last February, valued at $70 billion. The company surged to a $95 billion valuation in 2021, making it one of the most valuable private companies in the world.
In January, Stripe said it had fired 300 workers, but there was still a plan to increase its staff to around 10,000 by the end of the year.
Want more fintech news in your inbox? Sign up for TechCrunch Fintech.
Want to tip and reach out? Email me at maryann@techcrunch.com or send me a signal message at 408.204.3036. You can also send notes to the entire TechCrunch crew at Tips@techcrunch.com. For more secure communication, click here for inquiries that include links to SecureDrop and encrypted messaging apps.
Source link