The price per share is approximately USD 27.51, which results in a valuation of roughly USD 70 billion for the company, as per a document reviewed by Bloomberg. When asked to comment on the matter, representatives from Stripe declined.
This is nearly the same value Stripe had in a different share sale earlier in 2024. At that time, the company secured USD 694.2 million in the tender offer from February 2024, when it allowed its employees to sell some of their shares in a deal that valued the fintech at approximately USD 65 billion. Despite that the majority of capital for the tender offer was provided by investors, Stripe intended to utilise a part of its funds to repurchase shares to offset dilution from its employee equity compensation programs. In addition, the company planned to leverage the funds to deliver liquidity to its employees.
According to individuals familiar with the matter who mentioned not to be identified discussing private details, the deal is expected to see large sums of money in shares change hands. Also, in the transaction, eligible shareholders, such as former employees and current investors, have until the middle of December 2024 to decide whether they participate or not, as mentioned in the document.
The news comes shortly after Stripe acquired Bridge, a fintech startup specialising in delivering payments through stablecoins, for USD 1.1 billion. The agreement was confirmed by TechCrunch founder Michael Arrington, however, neither of the two companies issued an official announcement at the time of writing. The acquisition was among the largest recorded deals within the cryptocurrency industry, surpassing other substantial transactions, including CoinShares’ USD 530 million acquisition of Valkyrie Funds and Robinhood’s USD 200 purchase of Bitstamp. Validation of the deal followed Bloomberg’s report on Stripe and Bridge being in advanced negotiations.
Furthermore, back in July 2024, Stripe confirmed the acquisition of Lemon Squeezy, as the company intended to improve payment solutions and make selling more efficient. The discussions prior to the deal underlined a strong alignment in both values and commitments between the two companies. With this move, Lemon Squeezy was projected to benefit from Stripe’s developer experience and API standards. Also, the integration aimed to merge the capabilities of both platforms, delivering an augmented and more intuitive experience for users.
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