State happy with Stripe investment despite valuation decline

South Africa News News

State happy with Stripe investment despite valuation decline
South Africa South Africa Latest News,South Africa South Africa Headlines

Ireland Strategic Investment Fund said it believes the investment will ‘deliver a strong commercial return for the fund’ as Stripe reprices its internal share price.

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

The state's $50 million stake in payments processor Stripe is believed to have fallen in value by at least $14 million over the past 16 months.

However, the Ireland Strategic Investment Fund has insisted it is “really happy” with its investment in the company. According to reports, Stripe recently slashed its internal share price by 28 per cent to $29 per share from $40 previously in a move that brought down the company's valuation ...

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:

businessposthq /  🏆 8. in ZA
 

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-14 03:30:27