Stripe slashes valuation by 28% - Selligence

Stripe slashes valuation by 28%

Stripe have seen their valuation drop by 28%, after a decrease in their share price from $40 to $29 this week.

19/07/2022, 8:56AM

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Payments company Stripe has slashed its valuation by 28%, becoming the latest privately-funded fintech to suffer from the repercussions of a sustained sell-off of tech shares. Stripe was last valued at $95 billion after a $600 million funding round sealed in March 2021. The Wall Street Journal reports that the company informed employees of the mark down by e-mail last week, setting its implied share price at $29, versus the previous calculation of $40. The decision wipes $21 billion off the company's valuation, cutting the headline figure to $74 billion.