Tech
Stripe cuts valuation for second time in two months – report
The tech firm founded by the Collison brothers was valued at $95 billion two years ago, but has endured a turbulent period
Stripe, the tech firm founded by John and Patrick Collison, has cut the valuation for its multibillion-dollar fundraise by about 10 per cent in a move that lowers the company’s value to around $50 billion, according to reports.
The Information reported this morning that the payments company, which is considering a plan to raise up to $2.5 billion, had set the price per share at around $20 – down from $23 per share in an ...
