WSJ News Exclusive | Investors Clamor for a Bigger Piece of Payments Company Stripe

Stripe Inc. has yet to go public, but investors are still craving a piece of it.

The company, which processes payments for e-commerce businesses, recently offered investors the chance to acquire sizable stakes in the company from existing shareholders, including current and former Stripe employees, according to people familiar with the transaction. Bids from those investors exceeded $4 billion, some of the people said.

But only about $1 billion of those bids were filled, one of the people said, suggesting that many current Stripe shareholders believe their stock has a long way to climb. Among the largest buyers were mutual-fund giant Capital Group Cos., venture-capital firm Sequoia Capital, e-commerce company Shopify Inc. and buyout firm Silver Lake, some of the people said.

Silicon Valley is awash with investors looking for new places to park their money, partly because low interest rates have made some traditional investments unappealing. Stripe, in particular, has garnered interest because

Very cool for Shopify. They have been on investment spree lately in all of these companies… • Stripe, Global-e, Swyft, Pipe, Affirm, and Bench. Each of these companies that $SHOP recently invested in have potentially HUGE growth ahead.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

‘Masha and the Bear’ Company Animaccord to Expand Into Longer-Form Content (EXCLUSIVE)Animaccord, the Russian company behind one of the world’s top five children’s shows, animation series “Masha and the Bear,” has revealed plans to expand into longer-form con… DOJ BJA OJP Whistleblower Act Violations and Retaliation; litigation is a game of chess; knowing and understanding the moves of your opponent and judge is the path to success.
Fonte: Variety - 🏆 108. / 63 Consulte Mais informação »