Stripe's valuation rises to $70bn after Sequoia Capital's share purchase from existing investors.
Stripe, the fintech firm, has seen its valuation rise to $70bn after investment offer from Sequoia Capital. Sequoia is purchasing shares from Stripe's investors who want to cash out, offering $27.51 per share for a total of $861m. Stripe, founded by the Collison brothers, is one of the world's most valuable private tech companies, with a commitment to growth and product development.
July 15, 2024
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