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Market
Will Stripe's valuation exceed $75 billion by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial news outlets like Axios, Bloomberg, or official announcements from Stripe
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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