Stripe has grown to a valuation of $65 billion, allowing some of its employees to sell their shares in the company, according to a report from the Wall Street Journal Wednesday.
The "tender offer" could give Stripe more flexibility for an IPO, which investors and analysts have anticipated for years. The WSJ noted that Stripe has been putting off an initial public offering for years.
Stripe and some of its investors agreed to buy over $1 billion of current and former Stripe employees’ shares, according to people familiar with the matter.
According to the report, citing people familiar with the matter, Stripe and some investors in the company have agreed to buy more than $1 billion of current and former Stripe employees’ shares.
It was not disclosed which investors participated in the round, however, according to the Wall Street Journal, Sequoia Capital and Goldman Sachs's growth equity fund were involved.