Stripe valuation cut as Principal marks down its stake while Collisons consider IPO
Revaluation means the online payments company is now valued at $63 billion compared to a March 2021 high of $95 billion
Stripe, the online payments company, has seen its valuation cut again after Principal became the latest mutual fund to mark down the value of its stake in the firm.
The move, which was first reported by Business Insider in the US, came ahead of last week’s announcement that the company founded by Patrick and John Collison is weighing a public listing over the next 12 months.
Principal’s large-cap growth fund cut the value of its ...