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Stripe is planning a tender offer to buy back shares held by current employees, using its own cash. The company is offering $27.51 per share, which implies a valuation of $70 billion. This move reflects Stripe's fast-growing profits, as evidenced by its Q2 free cash flow of $615 million. The decision to self-finance the buyback is seen as a strategy to retain employees by providing liquidity without going public.
Stripe is never gonna go public huh?
Sources: Stripe plans a tender offer to buy back shares held by current employees with its own cash; Stripe is offering $27.51/share, implying a $70B valuation (@coryweinberg / The Information) https://t.co/jXZDibzicV https://t.co/ptPmhbgN5y
Stripe is planning a new employee stock buyback, which it will self-finance, reflecting its fast-growing profits. https://t.co/8mit83bxcT From @coryweinberg
