News Formal

Stripe valuation hits $70bn in potential fresh Sequoia investment

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 98%

Stripe News

John-Collison,Patrick-Collison

Collison brothers firm sees valuation edging up once more

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: IrishTimes - 🏆 3. / 98 Read more »

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
Source: IrishTimes - 🏆 3. / 98 Read more »