Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe.
On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuing a transaction on the private market, such as a fundraising event and a tender offer, according to sources familiar with the matter. The news, as first reported by the Wall Street Journal, came as a surprise considering the rather dry public market activity in the tech world. Later that day, it also came to light that Stripe had reportedly approached investors about raising more capital — at least $2 billion — at a valuation of $55 billion to $60 billion.
Dispatches From The Front 