.jpg){kind=avatar}
Stripe will let current and former employees cash out more of their stock through a $1b tender offer announced this week, valuing the company at $65b. In providing more liquidity to employees, Stripe is expected to again push off its IPO plans, at least until 2025.
“We’re pleased to once again offer employees an opportunity for liquidity,” said Steffan Tomlinson, chief financial officer of Stripe. “Our business continues to see strong momentum with the most advanced companies in the world, from newly formed startups to sophisticated enterprises like Alaska Airlines, Best Buy, Lotus Cars, Microsoft, Uber, and Zara who turn to Stripe’s platform to power their financial infrastructure.”
https://stripe.com/newsroom/news/employee-liquidity-feb-2024
unknownx500
