Stripe, the US-based fintech giant, is reportedly exploring an employee share sale that could increase its valuation to $85 billion, a significant jump from its previous valuation of $70 billion.
Stripe, the US-based fintech heavyweight, is reportedly in talks over a potential employee share sale that could push the company’s valuation to $85 billion, according to Bloomberg. This would represent a 20% increase from its previous valuation of $70 billion, which was established after a similar secondary share sale last year.
This potential growth marks a significant rise from Stripe’s $50 billion valuation following its $6.5 billion investment round in 2023. Bloomberg’s sources indicate that discussions are still ongoing, and the terms of the deal could evolve.
Stripe has been steadily working toward recovering its peak valuation of $95 billion, which was achieved after a $600 million funding round in 2021, making it the most valuable private company in Silicon Valley at the time.
The news of the potential employee share sale comes on the heels of a leaked memo, reported by Business Insider, which revealed Stripe was planning to lay off over 300 employees primarily in engineering, product, and operations roles. Despite this, Rob McIntosh, Stripe’s chief people officer, assured that the company plans to grow its workforce by around 1,500 this year, with the goal of reaching 10,000 employees by the end of the year.
