4

Stripe Cuts Internal Valuation by 28% To $74 Billion - Slashdot

 2 years ago
source link: https://tech.slashdot.org/story/22/07/14/1637206/stripe-cuts-internal-valuation-by-28-to-74-billion
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client
Do you develop on GitHub? You can keep using GitHub but automatically sync your GitHub releases to SourceForge quickly and easily with this tool so your projects have a backup location, and get your project in front of SourceForge's nearly 30 million monthly users. It takes less than a minute. Get new users downloading your project releases today!
×

Stripe Cuts Internal Valuation by 28% To $74 Billion (wsj.com) 4

Posted by msmash

on Thursday July 14, 2022 @01:21PM from the closer-look dept.
Payments giant Stripe, last valued by private investors at $95 billion, cut the internal value of its shares by 28%, WSJ reported Thursday, citing people familiar with the matter. From the report: Stripe told employees in an email Friday that the internal share price was about $29, compared with $40 in the most previous internal valuation, known as a 409A valuation, the people said. The move lowered the implied valuation of those shares to $74 billion, according to one of the people, which is calculated separately from the stock owned by major shareholders. Stripe said in the email that the board approved the lower share price effective June 30, the people said. The payments processor to startups and fast-growing internet companies didn't explain the decision to lower its internal valuation, the people said. The decision comes amid a prolonged market selloff that has slowed down the pace of private fundraising and pushed startups to slash costs and cut jobs.

Do you have a GitHub project? Now you can sync your releases automatically with SourceForge and take advantage of both platforms.
Do you have a GitHub project? Now you can automatically sync your releases to SourceForge & take advantage of both platforms. The GitHub Import Tool allows you to quickly & easily import your GitHub project repos, releases, issues, & wiki to SourceForge with a few clicks. Then your future releases will be synced to SourceForge automatically. Your project will reach over 35 million more people per month and you’ll get detailed download statistics.
Sync Now


report

Recommend

About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK