The venture capital firm Sequoia Capital offered to buy Stripe shares last month at $27.51 each, valuing the firm at $70 billion. The firm’s valuation, which reached a pandemic-era peak of $95 billion, was about $65 billion earlier this year. The source confirmed that Stripe’s free cash flow was around $615 million at the end of the second quarter. Stripe co-founder John Collison said in June that the company isn’t in a rush to go public, and that other companies have done so too quickly. Stripe competes with the likes of PayPal Holdings Inc. and Adyen NV, both public payments processors clamoring for market share.

https://www.bloomberg.com/news/articles/2024-08-22/private-fintech-stripe-again-proposes-staff-share-tender-offer?sref=EcccZSTc