Stripe valuation hits $70bn in potential fresh Sequoia investment

Stripe’s valuation has edged up to $70 billion as Sequoia Capital offers to buy shares from its investors looking to cash out of the fintech that helps merchants process customer payments.

Sequoia is offering to buy Stripe shares at $27.51, according to people familiar with the matter, who asked to not be identified because the details aren’t public. The venture capital firm offered that price to limited partners in funds raised between 2009 to 2011 who might want liquidity for their shares, Axios reported Monday. Sequoia is buying up to $861 million in shares, one of the people said.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stripe deal pushes Dublin office market to strong second quarterJLL Ireland says Dublin is still facing an elevated vacancy rate at 15.7% and activity remains focused on Dublin 2 and 4
Fuente: IrishTimes - 🏆 3. / 98 Leer más »

Landlords pursue McKillen companies over rent claimsSeen & Heard: Taxman’s planning payment probe; C&C boss’s pay jump; Stripe’s Wilton Park deal; Bakhurst mulls Montrose sale
Fuente: IrishTimes - 🏆 3. / 98 Leer más »