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What will be the outcome of Sequoia Capital's $861 million buyout offer for Stripe shares by December 31, 2024?
3
Resolution / Starting Odds
Completed • 25%
Partially Completed • 25%
Not Completed • 25%
Offer Withdrawn • 25%
Official announcements from Sequoia Capital or Stripe, financial news outlets like Axios or Bloomberg
Story
Sequoia Capital Offers $861 Million Buyout of Stripe Shares at $27.51 Each, Valuing Stripe at $70B
Jul 15, 2024, 02:23 PM
Sequoia Capital is offering to buy up to $861 million worth of Stripe shares from investors, providing liquidity to limited partners in its venture capital funds raised between 2009 and 2011. The offer prices the shares at $27.51 each, valuing the payments giant Stripe at $70 billion, according to Axios. This move allows early LPs to cash out without an IPO or exit, a strategy that aligns with secondary tech buyouts seen in private equity. Sequoia's email to LPs highlights that the $861 million represents around 10% of Sequoia's total fair market value of Stripe shares.
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